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National Accounts of Well-being: bringing real wealth onto the balance sheet

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National Accounts of Well-being: bringing real wealth onto the balance sheet

It has long been recognised that GDP – the standard measure of national income, relied on by politicians and commentators to assess the progress of nations – fails as a meaningful measure of social progress. It values only crude increases in income and takes no account of how fairly resources are distributed or the social and environmental damage caused by growth. A growing range of academics, commentators and politicians have been calling for new measures of progress. Now, nef has responded by producing the first ever National Accounts of Well-being.


By NEF, UK.


Education Policy Resource.