Why We Need to Move Towards a Wellbeing Economy

Since the end of World War II, but particularly since the end of the cold war, much of the world has used GDP or Gross Domestic Product to measure economic health and progress. However, the past several decades show us that economic growth doesn’t necessarily translate into an economy that delivers for the people. We are, after all, in an era where wealth inequality is at the highest it's ever been, and the middle classes in many countries are no longer aspirational but shrinking and downwardly mobile. In this episode, we speak to Dr Katherine Trebeck, a political economist and writer. She is the Economic Change Director at The Next Economy, and teaches at the University of Edinburgh. She’s a huge advocate of something called The Wellbeing Economy. The idea is to fundamentally rethink how governments and societies define and pursue economic success. Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.