I've posted previously about working hours, and at various times talked about the relationship between conventionally measured economic output (i.e. in terms of GDP) and well-being. This piece:
http://www.cepr.net/index.php?option=com_content&task=view&id=1039&Itemid=45
by David Rosnick from the Center for Economic and Policy Research does a really good job of bringing these strands together in one article. And given what a rush many of us are in - although thankfully not the Compulsive Theorist - it's nice and brief. Well worth a read.
The key point I would draw attention to is the fact that these issues are not ones we can decide upon in isolation. Choices of this kind pretty much have to be made collectively: this is an area where we really need politics and not just individual choice.
Thursday, July 26, 2007
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