Does the OECD's 'better life index' sound like fun?

I am not sure the OECD’s better life index is meant to be fun. But I have had some fun playing with it. The index is interactive. The fun comes from giving different weight to 11 different criteria (or topics as they are described by the OECD) and then observing how this affects rankings . . . → Read More: Does the OECD’s ‘better life index’ sound like fun?

Is Bhutan's GNH experiment a success or failure?

This charming little video provides some history of the concept of Gross National Happiness and its application in Bhutan.

It is amazing how much passion has been aroused by Gross National Happiness outside Bhutan. In August last year Jeffrey Sachs, a distinguished development economist, suggested that western countries should follow Bhutan in adopting Gross . . . → Read More: Is Bhutan’s GNH Experiment a Success or Failure?

Is Life Satisfaction Mainly About Comfort?

‘Contrary to both those who say money is not associated with happiness and those who say that it is extremely important, we found that money is much more related to some forms of well-being than it is to others. Income is most strongly associated with the life evaluation form of well-being, which is a . . . → Read More: Is Life Satisfaction Mainly About Comfort?

Should Governments Collect Subjective Well-being Data?

The idea of governments collecting data on our subjective well-being might seem slightly Orwellian to many people. It could bring to mind images of officials from the government statistics office knocking at your front door and telling you that they are from the government and they have come to help you by collecting information . . . → Read More: Should Governments Collect Subjective Well-being Data?

Utility & the Economics of Happiness: How to Measure Your State of Well-Being

One of the fundamental concepts in economics is utility, which, in the cant of the profession, means whatever works for you. Utility is a need, a preference, a source of satisfaction; if it improves your physical, spiritual or emotional well-being, then it’s said to give you utility.

Many people assume that utility is associated . . . → Read More: Utility & the Economics of Happiness: How to Measure Your State of Well-Being