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Topic: ISEW

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	Scope 58 - Box 3W
		A pilot UK ISEW for the period from 1950 to 1990 was published in 1994 by the New Economics Foundation and the Stockholm Environment Institute.
		ISEWs have also been constructed for Austria, Germany, the Netherlands, and Sweden, and work is in progress in several other countries.
		The ISEW research team at the Centre for Environmental Strategy gave detailed consideration to the view expressed by some critics that only the annual contributions to future damages should be counted each year.
	www.icsu-scope.org /downloadpubs/scope58/box3w.html (1837 words)

	Sample web-based dissertation: Chapter 5 - Literature review (Site not responding. Last check: 2007-11-03)
		Proponents of the ISEW state that the best way to challenge GNP is to try to show the public what many intrinsically believe: that although politicians use a rising GNP as their indicator of success, many still do not feel that "things are getting better".
		Insofar as all the values are imputations of some sort, it could be argued that the ISEW is heavily weighted in favour of those factors the authors - as opposed to society as a whole - see as important (see also chapter 4).
		All in all, while the fundamental composition of the ISEW remains the same across space, it is not strictly possible to look at figures for different countries in the same year and say whether one is doing "better" than another (see Jackson and Stymne 1996, p.
	www.leeds.ac.uk /acom/webdesign/webdiss/chapter5.html (2890 words)

	Index of Sustainable Economic Welfare - Wikipedia, the free encyclopedia
		It is similar to the Genuine Progress Indicator.
		Index of Sustainable Economic Welfare (ISEW) is roughly defined by the following formula.
		The index is based on the ideas presented by Nordhaus and Tobin in their Measure of Economic Welfare.
	en.wikipedia.org /wiki/ISEW (161 words)

	The ISEW: Not an indicator of sustainable economic welfare
		I show second that their conclusions are highly dependent on certain key and rather arbitrary assumptions about the weighting of income distribution, the valuing of the depletion of non-renewable resources and long-term environmental damage and the neglect of technical progress and increases in human capital.
		Third, I argue that the ISEWs and their authors in criticising GNP for its deficiencies as an indicator of welfare miss the point since GNP was never thought of as providing this function by its founders.
		The ISEW meshes together the measurement of two entities, current welfare and sustainability, that should be kept separate.
	www.lse.ac.uk /collections/geographyAndEnvironment/whosWho/profiles/neumayer/abstracts/theISEWnotAnIndicatorOfSustainableEconomicWelfare.htm (220 words)

	ENVIRONMENTAL ACCOUNTING II
		The ISEW has been developed in the late 1980s by H. Daly and J. Cobb (1989) as an empirical foundation for the critique of GDP as a measurement of economic welfare.
		Accordingly the various item the ISEW- consists of are regrouped under the headings: (1) the "consumption base", (2) the subtraction items, which consist of (2a) environmental defensive cost, (2b) social defensive costs and (2c) future welfare losses and, finally, (3) distribution index.
		ISEW and EDP can easily be contrasted by the fact that the former includes income distribution and future welfare losses, whereas the latter is solely based on allegedly hard fact and descriptive statistics.
	siti.feem.it /worldcongress/abs2/stockh.html (655 words)

	Date sent: Thu, 21 Jan 1999 18:38:44 -0500 (Site not responding. Last check: 2007-11-03)
		The ISEW deducts all economic activities that are "costs", but presently all included in the GDP.
		The ISEW is calculated with one given set of relative weights of factors The weighting of these is obviously important.
		The ISEW, developed by Daly and Cobb, has been transformed into the GPI (Genuine Progress Indicator) by the organizationd called ‘Redefining Progress’ chaired by Richard Norgaard.
	www.uel.ac.uk /elbs/undergraduate/economics/mgm/isew.htm (340 words)

	Re: ISEW (Site not responding. Last check: 2007-11-03)
		The Index of Sustainable Economic Welfare (ISEW) was developed by ecological economist Herman Daly (now at the World Bank) and theologian (yes, theologian) John Cobb, Jr.
		The ISEW is described in a fair amount of detail in a lengthy appendix to their book "FOR THE COMMON GOOD: REDIRECTING THE ECONOMY TOWARD COMMUNITY, THE ENVIRONMENT, AND A SUSTAINABLE FUTURE," 1989, Beacon Press, Boston, Massachusetts, USA).
		The ISEW is intended to be an alternative to the GNP as an economic of economic welfare, and corrects for some of the glaring deficiencies in the GNP.
	www.metla.fi /archive/forest/1993/09/msg00056.html (138 words)

	Index of Sustainable Economic Welfare (ISEW) at Noise Between Stations
		I was exposed to the ISEW by Josephine Green of Philips at the ID Design Strategy conference.
		She struck me as the female John Thakara: highly intelligent and morally scolding, and dropping in your lap the challenge of solving the problems she just convinced you are vitally important.
		The ISEW is one of the most advanced attempts to create an indicator of economic welfare.
	www.noisebetweenstations.com /personal/weblogs?p=1670 (285 words)

	[No title]
		The most advanced is the Index of Sustainable Economic Welfare (ISEW), which has been calculated for 8 countries, and has just been revised in the UK by CES, NEF and Friends of the Earth.
		However, it is fair to suggest that currently the weightings used in the ISEW could be arbitrary, or reflect the prejudices of the Index's creators.
		We hope this will show the ISEW to be relatively robust, that users' comments can highlight areas where improvements can be made, and that the values people choose can start to highlight which are the most important areas to be covered in any national indicator of we lfare.
	www.attac.de /themen/debatten/wachstum_vii.rtf (1248 words)

	Sustainable Measures - What is an indicator of sustainability?
		In order to get a more complete picture of what is economic progress, the ISEW subtracts from the GDP corrections for harmful bases or consequences of economic activity and adds to the GDP corrections for significant activities such as unpaid domestic labor.
		For instance, the ISEW accounts for air pollution by estimating the cost of damage per ton of five key air pollutants.
		Like the GDP, the ISEW bundles together in one index tremendous amounts of information, but the key difference is that the information takes into account the links between environment, economy and society.
	www.sustainablemeasures.com /Indicators/WhatIs.html (856 words)

	Attac - Wirtschaftswachstum-Debatte
		Some people argue that the ISEW is too subjective and too susceptible to changes in the assumptions which underpin it.
		However, this is not a simple process - for ISEW is still an economic measure, and to make these corrections financial costs have to be assigned to non-financial impacts such as climate change and ozone depletion.
		We hope this will show the ISEW to be relatively robust, that users' comments can highlight areas where improvements can be made, and that the values people choose can start to highlight which are the most important areas to be covered in any national indicator of welfare.
	www.attac.de /themen/debatten/wachstum_vii.php?mail=true (1355 words)

	Richard Douthwaite's "Good Growth and Bad Growth"
		Their goal was to show that there was no need to go to all the trouble to calculate an ISEW every year because it moved so closely in step with GDP that the GDP figure would do just as well.
		They claimed that, although almost the same amount of time was being spent in the average household on domestic chores in both years, because whoever was doing the chores could have earned higher real wages in the outside economy in 1990, the value of their domestic chores must have been proportionately higher too.
		If American society is analysed by dividing it into five groups each representing 20% of the population, the incomes of the wealthiest 20% rose 26% between 1979 and 1995, while the incomes of the middle 20% rose only 1% and the incomes of the bottom 20% actually decreased 9%.
	www.zerogrowth.org /Douthwaite.html (3121 words)

	ERSA 2003 Congress - University of Jyväskylä - Finland
		Typical ISEWs adjust consumption spending to allow for factors such as the uneven distribution of income, the costs of environmental degradation, and the costs associated with the use of natural capital.
		To report on a developed ISEW for Wales, including an analysis of strengths and weaknesses of the index suggesting potential avenues of further development.
		Development of the ISEW could play a valuable role in making both the policy community, industry and population more aware of those factors that really add to, and subtract from welfare.
	www.jyu.fi /ersa2003/cdrom/abstracts/a104.html (612 words)

	Growth Accounting - Select Glossary (Bretton Woods Project) (Site not responding. Last check: 2007-11-03)
		ISEW (Index of Sustainable Economic Welfare): An alternative national accounts framework developed by Herman Daly and John Cobb.
		ISEW's have been completed for a number of European countries.
		The GPI does not account for health care and education investment, as does the ISEW.
	www.brettonwoodsproject.org /art.shtml?x=15817 (1371 words)

	Economic_Valuation (Site not responding. Last check: 2007-11-03)
		According to the ISEW, the U.S. economy did not improve between 1956 and 1986, whereas the GDP indicates a dramatic improvement.
		Though the ISEW is still under development, it provides a thought-provoking measurement that considers whether the ways in which modern economies are growing are sustainable in the long term.
		Preliminary uses of the ISEW indicate that the unsustainable consumption of natural resources is providing a false sense of security from continuing economic growth.
	www.uwsp.edu /cnr/wcee/biodiversity/sbiodiversity/unit2/economicvaluation.htm (1635 words)

	Economics for the Common Good
		We found that in the fifties GDP and ISEW rose together; that in the sixties and seventies, GDP rose rapidly while ISEW rose slowly; and that in the eighties, GDP continued to rise rapidly while ISEW declined.
		Most of what is most important to real human beings, such as the quality of their relations to others, is missed as much by the ISEW as by the GDP.
		Accordingly, the ISEW is not put forward with the recommendation that henceforth political policies be guided by it, although that would be an improvement over present policies.
	www.religion-online.org /showarticle.asp?title=263 (4552 words)

	Friends of the Earth: Policy and Research Unit: Measuring progress
		We believe that ISEW or an equivalent should be one of the main economic indicators in the Government's forthcoming Indicators strategy.
		Create your own ISEW to reflect the values you feel are important
		We feel that this site shows that ISEW can provide the basis for a robust and workable indicator which reflects the values of the UK public.
	www.foe.co.uk /campaigns/sustainable_development/progress (181 words)

	SSRN-The Index of Sustainable Economic Welfare (ISEW) for Italy by Giorgio Guenno, Silvia Tiezzi
		This type of indices, however, has received wide attention thanks to their immediate comparability with GDP and to their characteristic of emphasizing the long run trend of "welfare" as compared to GDP.
		We start from the Index of Sustainable Economic Welfare (ISEW) built up by Cobb and Daly in 1989 and we reproduce it for Italy, though revisiting the methodology associated to the construction of some of the variables.
		Guenno, Giorgio and Tiezzi, Silvia, "The Index of Sustainable Economic Welfare (ISEW) for Italy" (January 1998).
	papers.ssrn.com /sol3/papers.cfm?abstract_id=121989 (475 words)

	EconPapers: The Index of Sustainable Economic Welfare (ISEW) for a Local Authority: A Case Study in Italy
		Application of ISEW at a very local level was found to be feasible.
		The availability of data depends on the interest in implementing projects of sustainable management of natural resources and land on the part of local authorities and their consequent willingness to invest money and human resources on such projects.
		The ISEW is a good tool for local environmental policy, because it gives a more realistic representation of the well-being of the population than GDP, since it includes environmental and social items not considered in conventional national accounting.
	econpapers.repec.org /paper/usiwpaper/449.htm (416 words)

	Links to conferences, projects, NGOs (Site not responding. Last check: 2007-11-03)
		While the GPI and the ISEW structure have their strengths and weaknesses, the strength of being an open architecture holds great promise for continued refinement that serves the needs of more informed and enlightened public policy decision making.
		The U.S. GPI released in 1995 and since updated for 1997 and 1998 is one of the most ambitious attempts at calculating the total benefits and costs related to oikonomia of the U.S. It remains one of the most important attempts to measure sustainable current welfare.
		The importance of the GPI and the ISEW is that it provides a more complete picture of trends in the state of the households and natural environment that can only lead to more informed public policy dialogue.
	members.shaw.ca /GD2004/2004WorkAnielski.htm (18802 words)

	Our Gnp is Up; Our Welfare is Down
		According to the ISEW we are 50 percent better off than we were in 1950, but 10 percent worse off than we were in 1976.
		Daly and Cobb are under no illusion that their ISEW is the last word, or even a very precise word, on the measurement of national welfare.
		He says his purpose is to start a discussion, not to end it; to break the power of the GNP index we use now and to launch a determined search for a better one.
	www.sustainer.org /dhm_archive/index.php?display_article=vn320indexed (843 words)

	[No title]
		In our view, this site shows that the ISEW is a good basis on which to construct alternative indicators. We would like to hear your comments and suggestions on how the ISEW could be improved and on what values should shape the construction of it or other alternative indicators.
		There are technical and judgemental challenges in constructing such an index, but we recommend that the Government should examine this concept with a view to developing and publishing an index of this kind itself by the year 2000.” We hope that the indicators strategy will take up this challenge.
		ISEW Explained The ISEW is one of the most advanced attempts to create an indicator of economic welfare.
	www.attacberlin.de /fileadmin/ags/argumente/ISEW_statt_BIP__englisch__mit_vergleichenden_Beispielen_.doc (1938 words)

	Toward a Sustainable Future
		With the ISEW, we found that there was actually a slightly inverse correlation in recent times between GNP and welfare.
		But then there is a divergence, which becomes greater as the seventies go on and into the eighties.
		The ISEW becomes flat while the GNP keeps on rising, and then eventually the ISEW declines just a bit.
	multinationalmonitor.org /hyper/issues/1992/05/mm0592_09.html (2826 words)

	SSRN-On the Methodology of ISEW, GPI and Related Measures: Some Constructive Suggestions and Some Doubt on the ...
		SSRN-On the Methodology of ISEW, GPI and Related Measures: Some Constructive Suggestions and Some Doubt on the "Threshold" Hypothesis by Eric Neumayer
		Existing country studies of the Index of Sustainable Economic Welfare (ISEW), the Genuine Progress Indicator (GPI) and related measures, while sharing the same basic methodological approach, differ with respect to the valuation of important items.
		This suggests that, as far as factors related to the environment are concerned, the widening gap between ISEW and GPI on the one hand and gross national product (GNP) on the other, might be an artefact of highly contestable methodological assumptions.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=243748 (300 words)

	[No title]
		ISEW or GPI have been estimated for several countries around the world, but we report here on the first application at the city, county, and state levels in Vermont, USA.
		We show that it is feasible to apply the GPI approach at these smaller scales and to compare across scales and with the national average.
		The ISEW or GPI have been estimated for a number of countries worldwide, as shown in Figure 1, but had not been estimated for a state, county, or city.
	www.uvm.edu /~jdericks/GPI/GPIpaper.doc (3676 words)

	The Story of iSew Times
		iSew Times is the title of the newsletter and now website of Phil's Sewing Machines, Sewstuff.com and Clockworks.
		iSew Times is your source for new and innovative sewing and embroidery products, and clocks too!
		If there are any improvements or anything we can do to make your sewing experience more enjoyable please let us know.
	homepage.mac.com /isew/AboutiSew/Personal15.html (74 words)

	Clifford Cobb / Biographical Sketch (Site not responding. Last check: 2007-11-03)
		Upon returning to the U.S., he entered seminary with the intention of working toward a doctorate in social ethics, but he quit after three years of part-time study.
		In the early 1990s, he became the director of the Institute for Educational Choice and wrote Responsive Schools, Renewed Communities, a communitarian defense of educational vouchers.
		Cobb joined the staff of a fledgling San Francisco think-tank called Redefining Progress, which re-published a modified form of the ISEW, calling it the Genuine Progress Indicator.
	www.cooperativeindividualism.org /georgists_cobb_clifford.html (348 words)

	SEI-Y Sustainable Livelihoods
		Alternative economic tools have been developed to provide a more accurate understanding of economic well being.
		Two examples of these are the 'Genuine Progress Indicator' (GPI) and the 'Index of Sustainable Economic Welfare' (ISEW).
		Zaipu Tao and Chen Huan Shieh from the Department of Economics, Ming Chuan University, Taiwan, have calculated the ISEW of Taiwan.
	www.york.ac.uk /inst/sei/sustainability/livelihoods/mon6.html (414 words)

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