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This article delves into the crucial connections between happiness and human development, emphasizing the limitations of traditional economic measures like GDP. It highlights how true societal progress is not just about economic growth but also about enhancing well-being and life satisfaction. Insights from scholars like Joseph Stiglitz and Amartya Sen reveal that societal happiness can coexist with varying standards of living. By understanding these dynamics, policymakers can formulate strategies that prioritize human development and authentic happiness, fostering a more content society.
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From Capabilities to Contentment: Links between Happiness and Human Development Jon Hall, HDRO, UNDP
Happiness & Human Development … Common Origins “Our metrics are important not just because they tell us how we are doing but because they serve as guides in policy-making…. GDP measures the busy-ness of our economy. But the big question is whether we are busy doing the right things. Making your economy grow more will not necessarily get you the things that people really want. Our preoccupation with GDP makes it difficult for politicians to back policies that are good for society and for the environment but which might not result in an increase in GDP..” Joseph Stiglitz Nobel Laureate
Happiness & Human Development … Strange Bedfellows? “A grumbling rich man may well be less happy than a contented peasant, but he does have a higher standard of living than that peasant” Amartya Sen
Happiness & Human Development … Strange Bedfellows? Our overall happiness - how we feel about our lives - is what matters to us most. Richard Layard
It is better to be blind than to see things only from one point of view Indian Proverb