March 20, 2015
Happiness and wellbeing must be at the heart of the economy finds new report
To mark International Day of Happiness, a major new report has revealed that a country’s GDP fails to reflect levels of people’s happiness, which, it says, “are not easily reducible to monetary values”. Wellbeing and policy was commissioned by the Legatum Institute, which established the Commission on Wellbeing and Policy to advance the policy debate on social wellbeing and is chaired by the former head of the civil service Lord Gus O’Donnell. It finds there is growing recognition that the measures of a country’s progress need to include the wellbeing of its citizens. The report adds that with job satisfaction on a long-term downward trend in most advanced countries, and people ranking time spent with their manager as among their least happy moments in the day, there’s a lot more employers can be doing to address levels of wellbeing and happiness at work.
February 13, 2015
Our personal choices can tell us a lot about the state of the economy
by Alison Kitchingman • Comment, Products, Workplace design
The announcement by Pantone that its Colour of the Year for 2014 was a muted reddish brown called Marsala was met with the annual carping about the subjectivity of the whole thing. Yet there are two things we know for sure. One is that Pantone puts a lot of time and effort into making its decision and looks at a range of social and economic factors, fashions and tastes before making its decision. The other is that this idea that you can gauge trends by tracking changes in taste has some high profile adherents. One of them is Alan Greenspan, perhaps the world’s most famous living economist, former Chairman of the Federal Reserve and a great believer in the idea that you can get a good idea of the health of the economy by looking at the length of women’s hemlines and heels and the amount of money men invest in underwear and ties.
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