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Wellbeing Economy Success: Thriving in a World Beyond Growth

Billy Peterson

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Published in Wellbeing Economy: Success In A World Without Growth

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In an era of unprecedented environmental challenges and rising inequalities, the concept of economic growth has come into question. The 'Wellbeing Economy Success' book proposes a radical departure from traditional economic models, advocating for a transition to a wellbeing economy that prioritizes human and environmental well-being above material consumption.

The Flaws of Growth-Oriented Economies

The book highlights the fundamental flaws in growth-oriented economies. It argues that the relentless pursuit of GDP growth has led to environmental degradation, social inequality, and a decline in mental health. The book provides compelling evidence that growth-based policies have exacerbated climate change, air and water pollution, and the depletion of natural resources.

Wellbeing Economy: Success in a World Without Growth

by Jeswald W. Salacuse

4.8 out of 5

Language	:	English
File size	:	1992 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	242 pages

Shifting the Focus: Well-being as the Ultimate Goal

The 'Wellbeing Economy Success' book proposes a bold shift in economic thinking. It advocates for a transition to a wellbeing economy, where the ultimate goal is to maximize human and environmental well-being. The book defines well-being as a state of physical, mental, and social health, in harmony with a healthy environment.

Key Pillars of a Wellbeing Economy

The book outlines several key pillars that underpin a wellbeing economy:

Sustainable Consumption: Promoting responsible consumption patterns that minimize environmental impact and prioritize well-being.
Social Equity: Tackling inequalities and ensuring fair access to resources, healthcare, and education.
Ecological Health: Protecting and restoring natural ecosystems, biodiversity, and air and water quality.
Meaningful Work: Creating jobs that are fulfilling, contribute to society, and provide decent wages.
Participatory Governance: Fostering inclusive decision-making processes that empower citizens and give voice to diverse perspectives.

Examples of Wellbeing Economy Success

The book showcases inspiring real-world examples of communities and organizations that have successfully transitioned to a wellbeing economy. These case studies demonstrate that it is possible to achieve economic prosperity while safeguarding the environment and improving well-being:

Bhutan: A country that measures its progress by Gross National Happiness, prioritizing well-being over economic growth.
New Zealand: A government that has introduced the "Wellbeing Budget," focusing on improving the social, economic, and environmental well-being of its citizens.
Preston, UK: A city that has used innovative policies to reduce inequalities and improve health outcomes through a community-led approach.

Transitioning to a Wellbeing Economy: Practical Steps

The 'Wellbeing Economy Success' book provides practical guidance on how to transition to a wellbeing economy. It offers actionable steps for individuals, businesses, and governments to create a more sustainable and just society:

Reduce Consumption: Make conscious choices about what we buy and consume, prioritizing experiences and well-being over material goods.
Support Local Businesses: Choose businesses that prioritize ethical practices and contribute to local well-being.
Advocate for Policy Change: Engage with policymakers and advocate for policies that support a wellbeing economy.
Measure Progress Beyond GDP: Encourage the use of alternative metrics that capture social, environmental, and well-being indicators.

The 'Wellbeing Economy Success' book is a timely and thought-provoking work that challenges the conventional wisdom of economic growth. It presents a compelling case for a paradigm shift towards an economy that prioritizes human and environmental well-being. By embracing the principles and practical steps outlined in the book, we can create a more just, sustainable, and fulfilling future for all.

Wellbeing Economy: Success in a World Without Growth

by Jeswald W. Salacuse

4.8 out of 5