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Toward a Sustainable Wellbeing Economy
Article

Toward a Sustainable Wellbeing Economy

Solutions, 2018

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Editorial Rating

7

Qualities

  • Visionary
  • Concrete Examples
  • Hot Topic

Recommendation

Can human beings, driven by greed and materialism, ever evolve enough to create a truly egalitarian society that ensures the common good? Academic Robert Costanza, along with his co-authors at the journal Solutions, says that it is not only possible but already happening. This idealistic yet thought-provoking essay spells out the requirements for “sustainable well-being” and shines a spotlight on worldwide initiatives to replace GDP growth with alternative goals. getAbstract suggests this visionary report to policy experts, economists and utopians.

Take-Aways

  • Rather than using GDP, a more comprehensive way of gauging economic progress is through measures of “sustainable well-being.” 
  • In October 2017, Costa Rica, New Zealand, Scotland and Slovenia joined in supporting global welfare metrics to replace GDP as the yardstick for development. 
  • A “well-being economy” respects Earth’s ecological limits and fulfills basic human requirements as well as higher-level needs.

About the Author

Robert Costanza et al. are contributors to Solutions, an online publication that discusses solving ecological, social and economic problems.


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