"We measure whether life is getting better by checking whether the good numbers (GDP, personal incomes, and so on) are going up and the bad numbers (unemployment, inflation, and so on) are going down. However, over the past half century, something strange has happened. The US's per capita GDP - the value of all the goods and services a nation produces divided by its population - has nearly tripled, but American well-being hasn't budged. We've grown almost three times richer but not one jot happier. There's ample evidence that in all postindustrial societies, material wealth and broader happiness are no longer closely in sync."His ideas for collecting data related to well-being are compelling. Idealistic, of course, but why not imagine a better future?
Friday, November 26, 2004
Measuring the Economy
The True Measure of Success isn't GDP, and the types of statistics governments collect don't tell us anything about what really matters, says Daniel Pink: