Fleurbaey explores the measurement of well-being and the design of criteria for the evaluation of public policy that incorporate a concern for respecting the population values and preferences, as well as a concern for inequalities and fairness. His research finds applications in indicators that go “beyond GDP,” in cost-benefit analysis, in taxation policy, and in climate policy analysis. Fleurbaey is member of the steering committee of the International Panel on Social Progress. He has also been a member of the Stiglitz-Sen-Fitoussi Commission on the Measurement of Economic Performance and Social Progress, and a coordinating lead author for the fifth report of the Intergovernmental Panel on Climate Change.
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Argues that climate mitigation policies that require efforts from today’s affluent people to the benefit of protecting the future populations that are the most vulnerable to climate change should be considered very beneficial –implying that each dollar in their future benefits should be assessed as having greater value than each dollar in the present sacrifices involved.
Reviews the “beyond GDP” debate and critically examines the various approaches, from happiness studies to capabilities. Argues in favor of a comprehensive monetary approach that values non-market goods.
Discusses the ideas that shape the policy-maker conversation about “improving opportunities for all.” Builds upon the recent wave of philosophical and economic literature that defines social justice in terms of opportunities rather than achievements, and proposes a different approach, based on the respect for individual values and preferences.