The Good Life

In the wake of the financial crisis, many new metrics are being proposed that will measure living standards in a new and different way from the conventional Gross Domestic Product calculation. “The G.D.P., according to arguments I heard from economists as far afield as Italy, France and Canada, has not only failed to capture the well-being of a 21st-century society but has also skewed global political objectives toward the single-minded pursuit of economic growth.”