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Wellbeing Economics Resource
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The concern of this resource is Well-being, and how it may be most effectively ensured. I use the word "effectively" because the more
common term "efficiently" is loaded with pre-conceptions. This concern is prompted by a number of discoveries
in fields such as happiness science and ecological economics:
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That various indicators that seek to reform GDP as a more realistic measure of well-being - of "genuine progress"
or "sustainable national income" - seem to have remained static or declined in developed economies in the last thirty years.
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That cross-country studies of various proximate indicators of well-being - ranging from the Human Development Index to self-reported happiness
- show a "knee-shaped" relationship with GDP: a pronounced correlation up to a certain point, and little correlation thereafter.
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That measures of "effectiveness" that compare wellbeing indicators against pressure on the environment relative to ecological footprint
show highly developed countries performing poorly. For instance the Happy Planet Index shows small island nations and Latin American countries
performing better.
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That inequality in the last thirty years has risen sharply in both highly developed and under developed countries, and that inequality has been
shown to be correlated with almost all objective determinants of well-being.
The specific concerns of this website are:
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What do we mean by well-being, what are its determinants, and how is it to be measured?
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What do we mean by the effective provision of well-being? To what extent do indicators
measure, and principles of management ensure, effectiveness?
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What aspects of economic theory and practice promote or discourage well-being?
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What economic, social, and political systems more effectively promote well-being.
In its current form, the resource simply collects together and organises references I have gathered over the years
on well-being and related topics. The references are loosely organised into various topics and sub-topics. My
long term aim is to construct a "mental map" of the field.
Please visit About for more information about the aims and objectives of the Resource, and for
information about its design, layout, and evolution. Visit Contact for information about the author.
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