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Valuation and evaluation: measuring the quality of life and evaluating policy (Английский)

This paper is about measuring social well-being and evaluating policy. The analysis is motivated by the frequent need to make welfare comparisons across time and communities. A distinction is drawn between current well-being and sustainable well-being. It is argued that a set of five indices, consisting of private consumption per head, life expectancy at birth, literacy, and indices of civil and political liberties, taken together, are a reasonable...
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