We are interested in three related questions: (1) How should accounting prices be estimated? (2) How should we evaluate policy change in an imperfect economy? (3) How can we check whether intergenerational well-being will be sustained along a projected economic programme? We do not presume that...

This paper is about net national product (NNP). The authors are concerned with what NNP means, what it should include, what it offers us and, therefore, why we may be interested in it. They show that NNP, properly defined, can be used as a gauge for project evaluation, but they also show that it...

This paper is about measuring social well-being and evaluating policy. Section 1 concerns the links between the two, while Sections 2 and 3, respectively, are devoted to the development of appropriate methods for measuring and evaluating. In Section 2 I identify a minimal set of indices for...

We are interested in three related questions: (1) How should accounting prices be estimated? (2) How should we evaluate policy change in an imperfect economy? (3) How can we check whether intergenerational well-being will be sustained along a projected economic programme? We do not presume that...

An outline of what would be ideally needed for a comprehensive set of national accounts is given. National governments and international agencies ought ideally to go even beyond green national accounts. Unfortunately though, that ideal cannot be met, at least not in the near future....

In this paper I offer a fairly complete account of the idea of social discount rates as applied to public policy analysis. I show that those rates are neither ethical primitives nor observables as market rates of return on investment, but that they ought instead to be derived from economic...