When the commission, headed by Amartya Sen and another Nobel Prize-winning economist, Joseph Stiglitz, issued its final report, last fall, it was critical of the current reliance on G.D.P., which, it argued, is a poor proxy for social progress: “For example, traffic jams may increase G.D.P. as a result of the increased use of gasoline, but obviously not the quality of life.” The group recommended that a wide variety of new statistical tools be developed, including ones that measure income distribution, natural-resource depletion, and happiness.
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