Happiness, long holidays and a sense of well-being may not be everyone’s yardstick for economic performance, but Nicolas Sarkozy believes they should be embraced by the world in a national accounting overhaul.
France’s president yesterday urged other countries to adopt proposed new measures of economic output unveiled by an international panel of economists led by Joseph Stiglitz, the US Nobel Prize winner.
Mr Sarkozy, who set up the Stiglitz-led commission last year, said the world had become trapped in a “cult of figures”.
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