MEASUREMENT ERROR OR BAD IDEA. SOME OBSERVATIONS ON THE METHOD-OLOGY FOR MEASURING – REFLECTION ACC. BOOKS OF MEASUREMENT ERROR. – WHAT TO DO ENOUGH GDP? (J. E. STIGLITZ, 2013) Cover Image

RAPORT KOMISJI DS. WYDAJNOŚCI EKONOMICZNEJ O POSTĘPU SPOŁECZNEGO. BŁĄD POMIARU. DLACZEGO PKB NIE WYSTARCZA?
MEASUREMENT ERROR OR BAD IDEA. SOME OBSERVATIONS ON THE METHOD-OLOGY FOR MEASURING – REFLECTION ACC. BOOKS OF MEASUREMENT ERROR. – WHAT TO DO ENOUGH GDP? (J. E. STIGLITZ, 2013)

Author(s): Lech Smolaga
Subject(s): Economy, National Economy, Socio-Economic Research
Published by: Wydawnictwo Wyższej Szkoły Menedżerskiej w Warszawie
Keywords: national income; social welfare; effectivnees of national economy; material product; services; social justice

Summary/Abstract: The subbject of this review is the book: Mismeasuring Our Lives. Why GDP Doesn’t Add Up, The Report by Commisson on the Measurement of Economic Perfor-mance and Social Progress, by Joseph Stiglitz, Amartya Sen and Jean-Paul Fitoussi. In this article is continued a disscusion abbout failure of national income measures. The author is tak-ing care particullary on faults of GDP cathegory, bassed on SNA methodology. This contains both, not material services as material goods. Therfore GDP is not intended to gauge material well – beeing and social welfare. For this reasons it can't be commonly used in macro analysis as the universal indi-cator of economic health of a country. It is nessesery to use different indicators and mutations of econom-ic effects of the performance. Some of this were discussed under the critical analysis.

  • Issue Year: 7/2013
  • Issue No: 1
  • Page Range: 13-22
  • Page Count: 10
  • Language: Polish