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1 GDP vs. Working Paper Series Vol. 2015-02 2015 3 Working Paper GDP vs. 2015 3 GDP GDP JEL I31 E01 GDP 21 COE COE 1 1 Gross Domestic

2 Product GDP E Commission on the Measurement of Economic Performance and Social Progress 2008 GDP Stiglitz, Sen and Fitoussi, 2009 Organisation for Economic Co-operation and Development OECD Better Life Index BLI GDP 2 GDP 3 GDP 4

3 5 2 GDP 2 GDP Easterlin 1974 Easterlin, 1974 Easterlin 1974 1 GDP 2000 20 1 1 pp. 9 GDP GDP GDP happiness life satisfaction 1 GDP GDP Frey and Stutzer 2002 Clark, Frijters and Shields 2008 social comparison adaptation or habituation Clark, Frijters and Shields, 2008 ,0002,5003,0003,5004,0004.

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5 Stiglitz, Sen and Fitoussi 2009 GDP 4 GDP 3 Stiglitz, Sen and Fitoussi 2009 GDP GDP Gross National Happiness GNH 4 1970 GNH GDP GNH Gross National Happiness Commission 5 GNH 4 GNH GNH Index 9

6 1 GNH 2008 Commission on the Measurement of Economic Per-formance and Social Progress Stiglitz, Sen and Fitoussi, 2009 GDP objective conditions capabilities 8 5 2010 GDP Happiness Index

7 Office for National Statistics, 2011 10 2 United Nations Devel-opment Programme UNDP capabilities 1990 Human Development Index HDI 4 3 HDI GDP HDI Inequality-adjusted Human Development Index IHDI Gender-related Development Index GDI OECD evidence-based

8 Decision making 2007 2 OECD GDP 4 2011 Better Life In-dex BLI 5 11 6 11 OECD BLI OECD 2010 3 2011 13 Local Hope Index LHI 6 52 2013 7 3 2011 8 4 GDP

9 7 OECD Fleurbaey, 2009 2 2013 COE Center of Excellence 20 65 2 2003 2013 2013 4.

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