It's not always easy to enumerate, but her new book, "Creating Capabilities: The Human Development Approach," suggests we should listen less to economists and look at all the things that GDP fails to capture in measuring living standards — like what sort of opportunities are available; “What are people really able to do & be?”
Her admittedly imperfect scale is the Human Development Index.
 | Building a Better Yardstick Audio Embed: APM & WNYC's Freakonomics Podcast, Host: Stephen Dubner (24:31) |
The Beatles - "Baby, You're a Rich Man" - Magical Mystery Tour (1967)
Earthquake, tsunami,
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