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If we measure the wrong thing, we will do the wrong thing
The High Level Expert Group on the Measurement of Economic Performance and Social Progress (HLEG) chaired by Nobel Prize winning-economist Joseph E. Stiglitz, leading economist Jean-Paul Fitoussi and the OECD Chief Statistician Martine Durand, has issued its final reports.
The HLEG’s output includes two reports. First, is a collection of chapters authored by some of the Group’s members (For Good Measure); these chapters deal with topics that either already figured in the SSF report (“Stiglitz-Sen-Fitoussi” Commission) – but which are now revisited in greater depth in the light of developments since 2009 (e.g. economic inequalities, subjective well-being, sustainability) – or new topics where key metrics should be developed by the statistical community (e.g. trust, economic security, equality of opportunity, horizontal and intra-household inequalities).
Second, is an overview by the HLEG chairs providing a broad perspective on these topics and other issues that fall under the “Beyond GDP” agenda, as well as 12 recommendations to move the measurement agenda forward.
Beyond GDP and For Good Measure, both launched on 27 November at the 6th OECD World Forum on Statistics, Knowledge and Policy in Incheon, Korea, present the latest in well-being analysis and measurement.
The publications can be accessed here: