Katherine Trebeck penned an articile with Aileen McLeod in Holyrood entitled “The wellbeing economy is our chance to tackle Scotland’s challenges at their source.”
But in the current scenario too many people do not have enough to meet their basic needs, while others are accumulating more and more. A wellbeing economy would question who is getting the benefits of growth? What is being grown and why? It is about being deliberate about the direction and composition of growth, rather than simply seeking to accelerate its rate and assuming that will do the job.This requires focusing on a wider suite of metrics than GDP alone, since GDP – as almost all economists will acknowledge – is blind to distribution and cannot distinguish between useful or harmful economic activity.
