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Economics of Happiness

Category: Blog Published: Sunday, 10 November 2013

Mark Anielski, a cutting edge economist, has devised a way to make economic statistics reflect what people most want – quality of life.
“This work was inspired by the words of Robert Kennedy who said that the Gross National Product — the primary measure of economic progress– may measure the money flowing in an economy but fails to measure most of the things that make life worth living. This included the quality of our water and land and air, the way we spent our time, and our sense of trust and belonging to a community.”
“This is what the Genuine Wealth assessment delivers: a system of well-being measurement that is the basis of local governance and decision-making.”
Community members themselves determine what well-being means to them. What is important to their lives? Lack of crime? Continuing education opportunties? Access to the natural world? Strong communities? Job opportunities?  Clean water? These items are measured and graphed and the result is a "flower graph" that shows instantly where a community is strong, and where there is room for improvement. 

I appreciate the similarities between Mark’s flower graph and David’ Holmgren’s Permaculture Flower.