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World’s Richest Economies Are Not the Happiest, Bhutan Saw It Coming
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World’s Richest Economies Are Not the Happiest, Bhutan Saw It Coming
Every quarter, governments celebrate rising GDP. Stock markets respond, investors applaud, and politicians claim success. Yet a simple question remains largely unanswered: Are people actually living better lives? Nearly a century ago, economist Simon Kuznets, who pioneered national income accounting, warned that “the welfare of a nation can scarcely be inferred from a measurement of national income.” His caution was largely ignored. Gross Domest…
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