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- W2891399522 abstract "The primary purpose of economics is to contribute to enhanced wellbeing of persons. Economists have often assumed this is best achieved through high economic growth. Nevertheless, experience shows that the pursuit of growth for its own sake can result in policies that harm the wellbeing of large numbers of people. Threats of global climate change, as well as other environmental and social damage caused by current patterns of economic growth, intensify this concern. This first chapter argues for a new framework—wellbeing economics—to guide private and public sector efforts for expanding the capabilities of persons to lead the kinds of lives they value and have reason to value. The wellbeing economics framework focuses on seven types of capital investment at seven levels of human choice. This typology provides the structure for the book’s remaining chapters." @default.
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- W2891399522 date "2018-01-01" @default.
- W2891399522 modified "2023-10-16" @default.
- W2891399522 title "From Economic Growth to Wellbeing Economics" @default.
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- W2891399522 doi "https://doi.org/10.1007/978-3-319-93194-4_1" @default.
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