Beyond GDP: The economics of human wellbeing

Jan Emmanuel De Neve from our cross cutting evidence programme shows the very latest data and insights on the relationship between happiness and economic growth in this new TEDx talk.

Many global institutions and governments use GDP as a measure of social progress and development, although the creator of GDP said it was not designed to be used this way.

The welfare of a nation can scarcely be inferred from a measurement of national income.

Simon Kuznets on GDP and well-being in 1934.
Simon Kuznets, 1934. “National Income, 1929–1932”. 73rd US Congress, 2d session, Senate document no. 124, page 7.
Distinctions must be kept in mind between quantity and quality of growth, between its costs and return, and between the short and the long term. Goals for more growth should specify more growth of what and for what.”
Simon Kuznets in 1962.
The conversation has recently focused on ‘beyond GDP’ and finding new measures of what matter to people.  Wellbeing is increasingly being used a measure of social progress and in this talk Jan explores the economics of wellbeing.

 

 

2 thoughts on “Beyond GDP: The economics of human wellbeing

  1. Considering this, it is such a shame that government appears to have dropped their previous election pledge to deliver and introduce a UK happiness index. Anyone interested might check out the Burmese index as an example, although there are others.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s