Commission on the Measurement of Economic Performance and Social Progress

The Commission on the Measurement of Economic Performance and Social Progress was established in 2008, led by distinguished economists, including Joseph Stiglitz. Its purpose was to assess how we measure a country's success. Traditional metrics like Gross Domestic Product (GDP) focus mainly on economic activity, ignoring aspects like well-being, environmental health, and social equality. The Commission advocated for broader indicators that encompass quality of life and sustainability, suggesting that true progress should reflect not just economic growth but also the overall health and happiness of society. Its recommendations aim to provide a more balanced view of progress.