S5 Ep1: Should governments care about wellbeing? with Professor Richard Layard
The We Society
00:00
Well-being and Public Policy
Exploring the intersection of economics and public policy towards promoting well-being, the chapter discusses historical perspectives and modern approaches to prioritize happiness and fulfillment as core government goals. It addresses objections to using happiness as a metric for societal progress, pointing out the complex relationship between power structures, class disparities, and individuals' subjective well-being. Emphasizing the importance of measuring internal experiences, the chapter highlights key factors such as health, relationships, and community in enhancing overall well-being and suggests reallocating public spending to prioritize areas that have a significant impact on people's lives.
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