Report by the Commission on the Measurement of Economic Performance and Social Progress¶
Stiglitz, J. E., Sen, A., & Fitoussi, J. (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Proxy–Target Fidelity
- In economics, indicators are proxies: GDP proxies for welfare, unemployment rate for labor-market health, CPI for cost of living, credit scores for default risk — and the recurring critique (GDP omits leisure, inequality, environmental cost) is a fidelity argument about how far the indicator tracks the underlying good.
This sourceArgues GDP is a limited proxy for welfare, omitting leisure, inequality, and environmental cost.
- In economics, indicators are proxies: GDP proxies for welfare, unemployment rate for labor-market health, CPI for cost of living, credit scores for default risk — and the recurring critique (GDP omits leisure, inequality, environmental cost) is a fidelity argument about how far the indicator tracks the underlying good.
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