Traditional measurement of economic success

1) Give an example of the way traditional measurement of economic success fails to provide much advancement in living standards for people like Vansanthi (from noted Philosopher Martha Nussabums chapter on Capabilities approach) and in the U.S (from Economics Noble Prize winner, Angus Deaton’s piece beyond GDP).

 

 

2) What are some examples of alternative measurements that have developed as a result of noble prize winner Amartya Sen’s work.

 

 

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