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Submitted by Raj Raina on
Enjoyed reading about the HDI and it is hard to argue with the above. Last December I wrote a small newspaper article about how "We should measure our well being?." It touches on the similar issue of aggregating various indicators. Incase you are interested it is here http://columbiacommunique.org/?p=1374 A quote from the article: “We might want to know how fast we are driving (55 miles an hour) and how far we can go before we run out of gasoline (250 miles) but a single metric, formed by adding the two numbers (305) would tell us nothing about either question.” Prof Stiglitz