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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Infinite happiness

Infinite happiness | The Great Transition | Scoop.it
Measuring happiness and letting it grow infinitely just as we used to do with GDP does not absolve economic activity from its ecological and societal impacts.
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Thought-provoking article on the need for new 'beyond GDP' indicators questioning the 'happiness' as the new economic goal narrative. Reichel is right that 'beyond GDP' debate has diverted the discussion from issue of growth, but throws away baby with the bathwater. When shelving GDP, we need an alternative. Maybe happiness is too subjective as a goal. What about 'quality of life'?

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The Next Big Thing

The Next Big Thing | The Great Transition | Scoop.it
Our institutions are failing not merely because they're bankrupting us financially, but because they're bankrupting us in human terms — that, having become something like Alcatrazes for the human soul, they fail to ignite within us the searing potential for the towering accomplishments necessary to answer today's titanic challenges.

 

Thought-provoking reflections on our human condition and the future in the Harvard Business Review by Umair Haque.

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Talking happiness

Talking happiness | The Great Transition | Scoop.it

"Once it becomes clear that further GDP growth will be ever more difficult to achieve, national leaders will desperately need ways to make life tolerable for their increasingly restive constituents. It’s plain that environmental, psychological, and social well-being must be the new goal, and we can thank the government of Bhutan for realizing this and blazing a trail that others may follow."

 

Good resumee by Richard Heinberg of the UN's special conference on wellbeing and the need to define a new economic paradigm.

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When Growth Outpaces Happiness

When Growth Outpaces Happiness | The Great Transition | Scoop.it
It is startling to find that Chinese people’s feelings of well-being have declined in a period of such momentous improvement in their economic lives.

 

Richard Easterlin in NY Times: China demonstrates that "growth alone, even at sustained, spectacular rates, has not produced the kind of life satisfaction crucial to a stable society — an experience that shows how critically important good jobs and a strong social safety net are to people’s happiness."

 

Another piece of evidence that it is time for a new economic and social development model.

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At U.N. Happiness Summit, A Coal Pile in the Ballroom

At U.N. Happiness Summit, A Coal Pile in the Ballroom | The Great Transition | Scoop.it

"The fact that economists were at the podium questioning the equivalence of happiness and GDP is a hopeful sign, a sign of a deep crack in the foundation of the economics discipline. But it is one thing to say there is more to happiness than economic growth; it is quite another to propose that economic growth is inimical to generalized happiness."

 

Great article on the recent UN happiness conference organised by Bhutan. The author questions GDP but is also critical of some of the Beyond GDP ideas.

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