It's getting easier to measure how happy people are, and it's important to do so, says Kate Rogers of Schroders
What do the Prince of Wales, a Nobel laureate and the prime minister of Bhutan have in common?
The answer is they all took part in a conference last month at the UN called Happiness and Wellbeing: Defining a New Economic Paradigm, which looked at new ways to measure the performance of nations, moving away from gross domestic product towards metrics such as gross national happiness.
This is evidence of an increasing interest in the economics of happiness. This momentum has no doubt been hastened by the difficult economic climate and the perception that traditional economics has somehow failed our society. It is not difficult to see that the overwhelming focus on growth of output has led to an extraordinary level of indebtedness, both for ourselves and for our government.
Read more about the Economics of Happiness movement latest achievements here: HappinessVsGDP
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