Thursday, July 26, 2007

What's the rush?

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.

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