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By: Greg Lim & Deyon T aylor

By: Greg Lim & Deyon T aylor. Overview of the measure. Happy planet index was introduced by New Economic foundation(NEF) in July 2006 Happy planet index measures how long and happy lives country produce based on their resource consumption. Limitations of GDP it attempts to address.

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By: Greg Lim & Deyon T aylor

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  1. By: Greg Lim & Deyon Taylor

  2. Overview of the measure • Happy planet index was introduced by New Economic foundation(NEF) in July 2006 • Happy planet index measures how long and happy lives country produce based on their resource consumption

  3. Limitations of GDP it attempts to address • GDP does not necessarily measure the living standards of the country • GDP excludes things such as leisure time, longer holiday, community and environment. • So HPI attempts to measure well-being of people(happiness)

  4. How it is measured—who measures it? • HPI use data on experienced well-being, life expectancy and ecological footprints. • Happy planet index =

  5. Comparative Data: the measure V.S. GDP per capita for select countries Happy Planet Index

  6. Strengths of the measure • Happy planet index takes into account of both well-being and environment that GDP doesn’t • Ultimate goal for most people is to live happy and healthy lives, not wealth. • HPI gives us implication of how satisfied we are and consumption of resource. This can remind us to work towards goal to be happy and save the environment.

  7. Limitations of the measure • HPI excludes economic prosperity • HPI does not necessarily measure the happiness . • Experienced well-being is very subjective • Inequality, human rights, labor rights ignored.

  8. Conclusion • Happy planet index addresses well-being and environments which GDP doesn’t. • HPI cannot alternate GDP because it excludes economic prosperity and the index is flawed.

  9. Bibliography • "About the HPI." Happy planet index. New Economics Foundation. Web. 22 May 2013. <http://www.happyplanetindex.org/about/>. • “The data "Happy planet index. New Economics Foundation. Web. 22 May 2013. <http://www.happyplanetindex.org/data/>. • "Happy planet index ."http://en.wikipedia.org/wiki/Happy_Planet_Index. Wikipedia . Web. 22 May 2013. <http://en.wikipedia.org/wiki/Happy_Planet_Inde&xgt;. • "List of GDP by countries ." Wikipedia . Wikipedia. Web. 22 May 2013. <http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)>. • snowdon, Chris. "Shiny happy people? The madness of the Happy Planet Index." adamsmith 20 06 2012 , n. pag. Web. 22 May. 2013. <http://www.adamsmith.org/research/articles/shiny-happy-people-the-madness-of-the-happy-planet-inde&xgt;.

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