The deputy governor of Banco de México (Banxico)Jonathan Heath claimed that the President Andrés Manuel López Obrador He is right when he points out that a new indicator of “well-being” should be developed, since the Gross Domestic Product (GDP) is not sufficient.
“We need to measure the well-being, the happiness of the people. Is right? Of course. Where to start Going to INEGI that has been on the subject for several years, “stressed the economist on his Twitter account.
He argued that on the page of the National Institute of Statistics and Geography (INEGI), in the “Research” tab, they will find under “Experimental Statistics” the project of “Subjective Well-being”. They will see there that the measurement of the progress of the societies arises from an international consensus.
The president announced that he will seek to develop a new indicator of “well-being”, since GDP is not enough. We need to measure the well-being, happiness of people. Is right? Of course. Where to start Going to INEGI that has been on the subject for several years.
– Jonathan Heath (@ JonathanHeath54) May 21, 2020
The biggest influence on measuring the well-being and progress of societies comes from the Stiglitz-Sen-Fitoussi Commission on measuring economic performance and social progress, he said.
The Commission for the Measurement of Economic Performance and Social Progress (CMEPSP) is an investigative commission created in 2008 by the French government, in order to analyze how to measure the progress and wealth of a nation, beyond the measure of GDP.
The main authors of this proposal are the main authors of this proposal, Joseph Stigiltz, 2001 Nobel Prize in Economics 2001, Amartya Sen, 1998 Nobel Prize in Economics and Jean Paul Fitoussi, Intellectual Leader of Neo-Keynesianism.