Economic policymaking and the pursuit of happiness
Kuah, Adrian W. J
Date of Issue2012
S. Rajaratnam School of International Studies
Economic policymakers have traditionally used GDP figures to evaluate both the performance of the economy as well as the efficacy of their policies. Alternative and broader economic measures that incorporate well-being, or happiness, suggest that the focus on GDP figures and the resulting pursuit of narrowly defined economic growth has led to a neglect of broader societal well-being.
DRNTU::Social sciences::Political science
RSIS Commentaries, 160-12