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Working Paper 2011-02: Measuring wellbeing in theory and practice

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A version of this paper was presented at the 58th World Statistics Congress of the International Statistics Institute, Dublin, on 26 August 2011 in an address entitled One statistic to rule them all?. The authors are from Macroeconomic Group, the Australian Treasury. The paper has benefited from comments and suggestions provided by James Kelly. The views expressed in the paper are those of the authors and not necessarily those of the Australian Treasury.