Abstract
Recently, criticism of extensive economic growth and its measurement in terms of GNP is accumulating. Quality of Life is introduced as an alternate societal goal. Economists are discussing deficits in Quality of Life mainly in terms of social costs, infrastructure, public poverty. One strategy to assess such deficits and to develop more adequate welfare measures is to be seen in efforts to restructure the present system of economic accounts, especially by incorporating non-market activities and externalities. A second strategy is the establishment of a regular system of social reporting matching economic reporting. Social indicators are conceived of as quantitative measures to evaluate benefits and disbenefits in major areas of social concern. Social indicators should indicate, directly and in non-monetary terms, changes in the individual’s Quality of Life. This paper reviews the present state of the art by discussing current controversies and different approaches. At the same time, political consequences and dilemmas (mobility vs. solidarity, efficiency vs. participation) inherent in these approaches are discussed.