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The Economics of Happiness (PDF)
Building Genuine Wealth
We all know that money can't buy you love…or happiness, but we have been living our lives as though the accumulation of wealth is the key to our dreams.
Why, in spite of increasing economic prosperity over the past 50 years, are many conditions of well-being in decline and rates of happiness largely unchanged since the 1950s?
Why do our measures of economic progress not reflect the values that make us happy: supportive relationships, meaningful work, a healthy environment, and our spiritual well-being?
Economist Mark Anielski developed a new and practical economic model called Genuine Wealth, to measure the real determinants of well-being and help redefine progress. The Economics of Happiness shows:
- How economics, capitalism, accounting and banking, which dominate our consciousness, can be reoriented towards the pursuit of genuine happiness.
- How to rediscover the original meaning of the language of economics.
- How to measure the five capitals of Genuine Wealth: human, social, natural, built and financial.
- How nations, governments, communities and businesses are using the Genuine Wealth model to build a new economy of well-being.
- How you and your family can apply the Genuine Wealth model in your lives.
Anielski's road-map towards this vision of flourishing economies of well-being will resonate with individuals, communities and governments interested in issues of sustainability and quality of life.
Mark Anielski is an economist, consultant and Adjunct Professor in both the School of Business, University of Alberta and the Bainbridge Island Graduate Institute. He was named a "rising star" amongst international progressive economists by Adbusters magazine in 2004, and awarded the 2004 ECO Award for his work on the Genuine Progress Indicator.
Herman Daly was a senior economist with the World Bank in the 1980's and 90's. He has served on the boards of directors of numerous environmental organizations, and is a cofounder and associate editor of the journal Ecological Economics. He is the author of many articles about economic development as it relates to population, resources and the environment, as well as numerous books, including Toward a Steady-State Economy, Beyond Growth, and Steady-State Economics.