Can Money Buy Well-being?
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📝 Description
The 50:57 long presentation examines the relationship between economic policies, national metrics, and individual quality of life. It questions the utility of Gross Domestic Product (GDP) as the sole measure of societal well-being, noting that GDP often encompasses factors unrelated to personal happiness. The discussion navigates what essential needs constitute a high quality of life beyond basic subsistence and explores mechanisms for ensuring these needs are met for the general population.
Economist Jayati Ghosh of UMass Amherst, co-author of "Earth for All: A Survival Guide for Humanity," features as the expert guest. The segment addresses how governmental and central bank economic decisions ultimately impact citizens' quality of life and the methodologies available for accurately assessing human well-being.
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