What’s the Economy for Anyway: Why It’s Time to Stop Chasing Growth and Start Pursuing Happiness by John De Graaf and David Batker
“’What’s the economy for, anyway?’
It’s time to demand that champions of the status quo defend their implicit answer to that question. Do they actually believe that the purpose of the economy is to achieve the grossest domestic product and allow the richest among us to multiply their treasures without limits?
For in practice, that really is their answer.
But what if we answer the question differently, perhaps as Gifford Pinchot, the first Chief of the U.S. Forest Service, did a century ago?
His answer was, “The greatest good for the greatest number over the long run.”
In that light, economic success cannot be measured by Gross Domestic Product (GDP) or stock prices alone. It must take into account the other values that constitute the greatest good - health, happiness, knowledge, kindness - for the greatest number - equality, access to opportunity - over the long run - in a healthy democracy and sustainable environment.”