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Wellbeing Economics : How and Why Economics Needs to Change
20 October 2020
BUSINESS & ECONOMICS / International / General,
BUSINESS & ECONOMICS / Development / General,
SOCIAL SCIENCE / Developing & Emerging Countries,
Social and Political Sciences,
Development Studies,
Economics and Finance,
Development studies,
Economic theory and philosophy,
Economic systems and structures
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Abstract
Amidst rising global inequality, migration, climate change, health pandemics, and deepening poverty, it is time to redirect our economy towards more sustainable and socially just processes and outcomes.
In 'Wellbeing Economics' Nicky Pouw puts forward a new framework that places human wellbeing at the centre, instead of economic growth. She postulates ten reasons why economics should change to remain a relevant discipline and develops a Wellbeing Economic Matrix (WEM) to implement this approach. In doing so, it is one of the first economics books that 'rethinks the economy' from head to tail.