Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Chance to lead the world in wellbeing economics

Chance to lead the world in wellbeing economics

Over seventy-five years after New Zealand’s ground-breaking social security reforms of the 1930s, it is time for a major shift in how New Zealand regards the wellbeing of its people, urge the authors of a new book called Wellbeing Economics: Future Directions for New Zealand.

In the book – which is part of a series of short ‘Texts’ published by Bridget Williams Books – Professors Paul Dalziel and Caroline Saunders of Lincoln University say New Zealand has an opportunity to pioneer the next transformation in how a country improves the wellbeing of its people.

The book introduces a new framework that is emerging internationally about how we understand economic policy questions and solutions. The framework is based on cutting-edge international research.

It comes at a time when New Zealand is already taking some important steps towards a wellbeing economy. In 2009, Treasury introduced its Living Standards Framework, which assesses wellbeing beyond GDP and income measures. More recently, the government’s Better Public Services programme focuses on ten results and targets related to wellbeing.

Dalziel and Saunders say the purpose of economic activity should be to promote the wellbeing of people. Therefore, instead of measuring economic growth for its own sake, we should be assessing how well the economy enables all New Zealanders to lead ‘the kinds of lives they value and have reason to value’.

Wellbeing economics aims to address issues like unemployment and poverty directly, rather than assuming these problems will be solved automatically with higher economic growth.

On Monday, Saunders contributes to a presentation on ‘Future economic thinking’ at the Local Government New Zealand conference.

Key points from the book

• The purpose of economic activity is to promote the wellbeing of people, and economic policies should therefore expand substantive freedoms so people can lead the kind of lives they value and have reason to value.

• Gross Domestic Product (which measures production) is a limited measure of economic performance. It wrongly focuses policy on the interests of producers rather than on the wellbeing of consumers.

• Wellbeing economics focuses on how people engage in purposeful activities to add value to their wellbeing in households, in communities and in the marketplace.

• The authors call for a shift from a ‘welfare state’ to a ‘wellbeing state’ in which the major aim of central government policy is to expand the capabilities of persons to enhance their own wellbeing.

About the authors
Paul Dalziel is Professor of Economics at Lincoln University and Deputy Director of its Agribusiness and Economics Research Unit.

Caroline Saunders is Professor of Trade and Environmental Economics at Lincoln University and Director of its Agribusiness and Economics Research Unit.

ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

2040 Target And Lower Standards: “Swimmable” Rivers Five Times More Likely To Make You Sick

Forest & Bird has condemned the government’s new water quality standards, warning New Zealanders that they lock in current levels of water pollution and allow for a 5-fold increase in the chance of getting sick from swimming in a river.

“Despite an explicit assurance from Minister Smith that the new water standards would provide for human and ecosystem health, he has failed to deliver on either of these things,” says Forest & Bird CEO Kevin Hague. More>>

ALSO:

 
 

Immigration: Clampdown On Rogue Employers Good First Step

The Human Trafficking Research Coalition is pleased at the new clampdown on rouge employers who exploit migrants announced by Minister Woodhouse this morning, and believes this is a step in the right direction. More>>

ALSO:

Mayor: 750 New Social And Affordable Homes For Wellington (Over A Decade)

The next stage of Wellington’s Housing Upgrade Programme will see at least 750 new units of social and affordable housing built over the next decade, Mayor Justin Lester has announced. More>>

ALSO:

22/2: Christchurch Quake Memorial Unveiled

A city, a region, a nation and an international community impacted by the Canterbury Earthquakes will come together to mark the sixth anniversary of the deadly quake and dedicate Oi Manawa Canterbury Earthquake National Memorial. More>>

ALSO:


November Quakes:

Gordon Campbell: On The Mana-Maori Party Deal

If the self-interest involved wasn’t so blatant, the electorate deal between the Maori Party and Hone Harawira would be kind of poignant. It’s a bit like seeing the remaining members of Guns’n’Roses or the Eagles back on the road touring the nostalgia circuit… playing all the old hits of Maori unity and kaupapa Maori politics. More>>

ALSO:

Private Provision: First Social Bond To Focus On Mental Health

New Zealand’s first social bond will help around 1700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say. More>>

ALSO:

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:


Megaupload Case: High Court Rules Dotcom, Co-Accused Eligible For Extradion

Internet entrepreneur Kim Dotcom and his three co-accused are eligible for extradition to the United States, New Zealand's High Court ruled... Justice Murray Gilbert upheld a decision by the District Court that there were grounds for Dotcom, Mathias Ortmann, Bram van der Kolk and Finn Batato to be extradited. More>>

ALSO:

PREVIOUSLY:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news