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Economists have long sought to maximise economic growth, believing
this to be their best contribution to improving human welfare. That
approach is not sustainable in the face of ongoing issues such as
global climate change, environmental damage, rising inequality and
enduring poverty. Alternatives must be found. This open access book
addresses that challenge. It sets out a wellbeing economics
framework that directly addresses fundamental issues affecting
wellbeing outcomes. Drawing inspiration from the capabilities
approach of Nobel Prize winner Amartya Sen, the book demonstrates
how persons can enhance prosperity through their own actions and
through collaboration with others. The book examines national
public policy, but its analysis also focuses on choices made by
individuals, households, families, civil society, local government
and the global community. It therefore offers important insights
for anyone concerned with improving personal wellbeing and
community prosperity.
Economists have long sought to maximise economic growth, believing
this to be their best contribution to improving human welfare. That
approach is not sustainable in the face of ongoing issues such as
global climate change, environmental damage, rising inequality and
enduring poverty. Alternatives must be found. This open access book
addresses that challenge. It sets out a wellbeing economics
framework that directly addresses fundamental issues affecting
wellbeing outcomes. Drawing inspiration from the capabilities
approach of Nobel Prize winner Amartya Sen, the book demonstrates
how persons can enhance prosperity through their own actions and
through collaboration with others. The book examines national
public policy, but its analysis also focuses on choices made by
individuals, households, families, civil society, local government
and the global community. It therefore offers important insights
for anyone concerned with improving personal wellbeing and
community prosperity.
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