Economic policymaking and the pursuit of happiness
Economic policymakers have traditionally used GDP figures to evaluate both the performance of the economy as well as the efficacy of their policies. Alternative and broader economic measures that incorporate well-being, or happiness, suggest that the focus on GDP figures and the resulting purs...
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| Other Authors: | |
| Format: | Commentary |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/94896 http://hdl.handle.net/10220/8860 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Economic policymakers have traditionally used GDP figures to evaluate both the performance of the economy
as well as the efficacy of their policies. Alternative and broader economic measures that incorporate well-being,
or happiness, suggest that the focus on GDP figures and the resulting pursuit of narrowly defined economic
growth has led to a neglect of broader societal well-being. |
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