Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Wellbeing EconomicsFrom Economic Growth to Wellbeing Economics

Wellbeing Economics: From Economic Growth to Wellbeing Economics [The primary purpose of economics is to contribute to enhanced wellbeing of persons. Economists have often assumed this is best achieved through high economic growth. Nevertheless, experience shows that the pursuit of growth for its own sake can result in policies that harm the wellbeing of large numbers of people. Threats of global climate change, as well as other environmental and social damage caused by current patterns of economic growth, intensify this concern. This first chapter argues for a new framework—wellbeing economics—to guide private and public sector efforts for expanding the capabilities of persons to lead the kinds of lives they value and have reason to value. The wellbeing economics framework focuses on seven types of capital investment at seven levels of human choice. This typology provides the structure for the book’s remaining chapters.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Wellbeing EconomicsFrom Economic Growth to Wellbeing Economics

Download PDF
20 pages

Loading next page...
 
/lp/springer-journals/wellbeing-economics-from-economic-growth-to-wellbeing-economics-s7ruOaYURi
Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018. This book is an open access publication
ISBN
978-3-319-93193-7
Pages
1 –21
DOI
10.1007/978-3-319-93194-4_1
Publisher site
See Chapter on Publisher Site

Abstract

[The primary purpose of economics is to contribute to enhanced wellbeing of persons. Economists have often assumed this is best achieved through high economic growth. Nevertheless, experience shows that the pursuit of growth for its own sake can result in policies that harm the wellbeing of large numbers of people. Threats of global climate change, as well as other environmental and social damage caused by current patterns of economic growth, intensify this concern. This first chapter argues for a new framework—wellbeing economics—to guide private and public sector efforts for expanding the capabilities of persons to lead the kinds of lives they value and have reason to value. The wellbeing economics framework focuses on seven types of capital investment at seven levels of human choice. This typology provides the structure for the book’s remaining chapters.]

Published: Sep 12, 2018

Keywords: Wellbeing; Austerity; Economic growth; Climate change; Capabilities

There are no references for this article.