The index OF Sustainable Economic Welfare (ISEW) (too German about index for lasting economic prosperity) is an economical indicator with the goal of supplementing or of replacing the classical gross domestic product (GROS DOMESTIC PRODUCT). The ISEW was developed further later to the Genuine progress indicator (GPI)

Computations

In place of simply all transacted expenditures to summarize, how it takes place at the production GROS DOMESTIC PRODUCT, find additional factors consideration with the computation of the ISEW. For this count:

• Income distribution
• Housework
• Health
• Education
• Air pollution and general environmental pollution
• Decrease of resources
• Costs of the global heating up

Computations of the ISEW show that in countries with economic growth without brakes frequently the ISEW stagnated or became even declining. This development indicates that realized growth is not lasting and wealth is increasingly unequally distributed.

History

The index is based on the ideas of William north house and James Tobin and its Measure OF Economic Welfare (MEW). It introduced in the year 1989 of Herman E. Daly and John B. Cobb. Later the two further cost factors added to their definition of the ISEW, which led to the development of the GPI.

See also

• Human development index
• Gini coefficient
• Genuine progress indicator
• Ecological foot casting
• Borders of growth

Literature

• North house, William and James Tobin (1972): Is growth Columbia University press, New York.
• Daly, Herman and John Cobb (1989): For the Common Good, Beacon press, Boston.

Related links

• Environmental encyclopedia: '' Index for Sustainable Economic Welfare ''
• Mario Sixtus (2003): '' Which is Money is as with the GROS DOMESTIC PRODUCT crucial, it arrives only on it, like one it computed '' with telepolis
• Friends OF the Earth: '' Measuring progress ''

Articles in category "Index OF Sustainable Economic Welfare"

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