Australia’s treasury helped inspire NZ and other governments to adopt well-being budgets – now, years later, we look set to get one too. So what are the challenges ahead?
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Articles on Gross National Happiness index
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An economist who has studied new ways to improve measures of gross domestic product explains what GDP is and how it could better reflect an economy and the well-being of its inhabitants.
For New Zealand’s first well-being budget, the government has moved away from traditional economic growth measures to focus on goals like cultural identity, social connection and happiness.
“At present, we are stealing the future, selling it in the present, and calling it GDP.” — Paul Hawken Imagine if a corporation used Gross Domestic Product (GDP) accounting to do its books: it would be…
