Progress, what progress?

The global economic crisis has focused minds on restoring growth. But does growth necessarily mean progress? What about factors which growth depends on, such as the environment or happiness? Measuring true progress demands new indicators and a major global project to develop them is now underway.

This is an extract from an opinion piece from Joseph Stiglitz in the oecd Observer. Click here to read the full editorial. Stiglitz is Chair of the Commission on the Measurement of Economic Performance and Social Progress.