A new film The Economics of Happiness by Helena Norberg-Hodge, Steven Gorelick & John Page puts a new spin on the wellbeing economics debate by looking through the lens of localism. The film features experts from six continents including New Economics Foundation fellow Andrew Simms, and Zac Goldsmith, conservative MP from Richmond Park and North Kingston.
In her article on CSRWire, Francesca Rehannon writes about the films position that “our spiritual satisfaction, our sense of security, our joy, derive from our deep connections with others and our natural environment. It also states globalization destroys security by undermining community, subordinating local connections to the dictates of distant profits and creating dissatisfaction by replacing local cultures with consumer culture.”
Interest in the subject has grown since Nobel economists Josef Stiglitz and Amartya Sen published a report commissioned by French President Nicolas Sarkozy which asserts that GDP as a measure of growth (and therefore success and therefore happiness?) is incomplete. In November of last year, the UK government announced a plan to measure happiness in an attempt to guide government policy, and have asked the Office of National Statistics to develop questions to effectively assess the nation’s well-being. The New Economics Foundation, which has done extensive work on National Accounts of Wellbeing, is on the advisory forum for the ONS programme, and also serves as the secretariat for the All-Party Parliamentary Group on Wellbeing Economics.
Join the debate on Thursday 27 Jan at 6:30pm, by clicking here to sign-up for a free event at the LSE sponsored by the Office of National Statistics to discuss “whether a measure of happiness is enough to capture the well-being of our nation and what other measures should be taken into account.”
Does anyone know if they’re talking about wellbeing economics in Davos?