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Gross National Happiness
Great article in the Globe this week. You have to give credit to Mr Sachs. If only more economists thought this way…
In a time of high anxiety, happiness is …
Here’s an excerpt:
The time has come to reconsider the basic sources of happiness in our economic life. The relentless pursuit of higher income is leading to unprecedented inequality and anxiety, rather than to greater happiness and life satisfaction. Economic progress is important and can greatly improve the quality of life, but only if it is pursued in line with other go
Categories: Economic growth, Genuine wealth, Politics, Poverty and development, Sustainability
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People start talking about ‘Gross national Happiness ‘ to cover up economic failures. It is conveniently impossible to measure and means anything you want it to. Let’s stick to things we can measure and quantify – like GDP and national debt.