Articles & Blogs, Category = Well-being & human flourishing

Category: Well-being & human flourishing

We Need to Modernize How We Measure National Wealth

“In response to the Great Depression, the United States Senate commissioned a report to measure the country’s national income. […] GDP was been a workhorse for measuring national well-being ever since. But cracks are appearing. Environmental degradation and growing income inequality are just two sources of discontent with the measurement of GDP.”

Interested in this topic? See also the Moral Markets bookshelf on economic growth & GDP

Whose Life?

“In This Life, Hägglund seeks nothing less than a fundamental transformation of the horizon we set ourselves and the social arrangements through which we seek to flourish. Two outstanding obstacles, according to Hägglund, frustrate the realization of this transformation. The first is religious faith. The second is capitalism. It is only by overcoming each that we can recognize the true importance, potential, and precarity of ‘this life’.”

GDP Is Not a Measure of Human Well-Being

“We know now that the story is not so simple – that focusing exclusively on GDP and economic gain to measure development ignores the negative effects of economic growth on society, such as climate change and income inequality. It’s time to acknowledge the limitations of GDP and expand our measure development so that it takes into account a society’s quality of life.”

From Folkways to Institutions: Why Culture Matters for the Economy

This article discusses various economists on the relationship between culture and economics: “on our efforts to reduce poverty and spur economic growth, we can be overly consumed in debates about top-down policy tactics and the proper allocation of physical resources. Yet, (…) the distinguishing features of free and flourishing societies are more readily found at the levels of culture—attitudes, beliefs, and imagination.”

The Search for an Alternative to GDP to Measure a Nation’s Progress – The New Zealand Experience

“There is consensus among New Zealand policymakers and researchers that GDP is not a good measure of a nation’s well-being. But the debate about what metric should replace GDP is ongoing. Last week’s [national] well-being budget was based on the Livings Standards Framework (LSF), a set of well-being measures that include cultural identity, environment, income and consumption, and social connections. But these provide no overall index of the nation’s performance. Our research uses the Genuine Progress Indicator (GPI). It shows that by that measure, New Zealand may be only half as well off, compared to conventional measures such as GDP.”

Redemptive Entrepreneurship: In a Globalized Economy, Who Is Our Neighbor?

“In our globalized and interconnected world, we inhabit vast networks of creative exchange with widely dispersed neighbors. This leads to real and thriving communities far and wide—a great and mysterious collaboration. But as we continue to strengthen those social bonds across economic life, how do we stay faithful and attentive to our more proximate community spheres?”

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