The green national product: a proposed index of sustainable economic welfare
University Press of America, 1994 - Business & Economics - 343 pages
Many critics of mainstream economics have been calling for a new compass to guide national economic policies because the existing one, the GNP, is broken. They propose a "green national product" which would address the long-term health of the planet and its inhabitants, and focus on sustainability. Toward this end, they propose an Index of Sustainable Economic Welfare (ISEW), which takes into account such elements as adjustments for income distribution, environmental damage, the value of housework, and resource depletion. Experts in the field of economic development present comments and criticisms regarding the creation of the ISEW and its outcome. The book concludes with the authors' direct response to those critical suggestions, culminating with a revised Index of Sustainable Economic Welfare. Contributors: Robert Eisner, Alan H. Young, Carol S. Carson, Robert R. Gottfried, Thomas Michael Power, E.J. Mishan, Jan Tinbergen, Richard D. Lamm, and Hans Diefenbacher. Co-published with the Human Economy Center.
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The Index of Sustainable Economic Welfare
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adjustments aggregate air pollution amenities amount analysis areas assumed average billion calculation capita income capita ISEW capital growth changes column commuting component concept consumer durables consumption expenditures cost of living decline depletion differences discount dollars economic well-being economists Eisner energy environmental damage estimates expendi future Herman Daly higher household human capital imputed included Income and Product income distribution increase Index of Sustainable inequality international investment position investment labor force land loss Marilyn Waring measure of economic measure of welfare ment Mishan national accounts national income accounts natural capital noise pollution nomic nonmarket nonrenewable resources Nordhaus and Tobin output percent personal consumption policies population problems quintile ratio reduced rents resource rents result satellite accounts social society statistics Study Group subtracted Sustainable Economic Welfare tion tures value of leisure water pollution wetlands Zolotas