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VT GPI: Measuring Social Capital

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Published on Sep 29, 2011

This Tea addresses the outstanding issues with Vermont's Genuine Progress Indicator (GPI) that we all need to think about and come up with answers to.

Presenter: Eric Zencey, PhD
Alternative Indicators: What should we measure in Vermont, USA?
9/23/2011

This session will begin with a brief overview of the principles behind Genuine Progress Indicator (GPI) measurement. The following resources were provided for review:
1) Maryland GPI: http://www.green.maryland.gov/mdgpi/m...
2) Gross National Happiness Index: http://www.grossnationalhappiness.com...
3) Estimates of the Genuine Progress Indicator (GPI) for Vermont, Chittenden County and Burlington, from 1950 to 2000

The following questions will grounded this Tea's discussion:
a) Should VT implement a GPI-like set of indicators, or should the set be broadened to include estimates of services from social and cultural capital, such as is done by Gross National Happiness?
b) Are both needed to fully assess the delivered well-being offered by the economy--and to assess the degree to which the economy approaches the goal of sustainability?
c) Can such a broader indicator achieve public acceptance?
d) Should economists be talking about (and trying to measure) services from social capital?
e) As Vermont moves toward adoption of a set of alternative indicators, what role can we imagine for the Gund?

This event is part of the weekly Gund Tea Series, an opportunity for affiliates of the Gund Institute for Ecological Economics and the broader University community to engage in robust discussion about topical research, current events, and relevant theory. The Teas host visiting scholars and research associates from around the world, as well as some of the Gund's very own fellows & students.

A Production of the Gund Institute for Ecological Economics, an affiliate of the Rubenstein School for Environment & Natural Resources at the University of Vermont

The Gund Institute is a transdisciplinary research, teaching, and service organization focused on developing integrative solutions to society's most pressing problems. We conduct integrative research and service-learning projects on a broad range of topics, offer hands-on learning through our problem-solving workshops and courses, develop online teaching resources and international collaborations through metacourses, and support professional and graduate education through our Graduate Certificates in Ecological Economics and Ecological Design. Learn more about the Gund community of students, scholars and practitioners by exploring our news, publications, and video archives, then contact us to help us build a sustainable, widely shared quality of life.

For more information visit: uvm.edu/​giee/

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