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Prosperity
Prosperity is the flourishing, thriving, good fortune and successful social status. Prosperity often produces profuse wealth including other factors which can be profusely wealthy in all degrees, such as happiness and health. Competing notions of prosperity Economic notions of prosperity often compete or interact negatively with health, happiness, or spiritual notions of prosperity. For example, longer hours of work might result in an increase in certain measures of economic prosperity, but at the expense of driving people away from their preferences for shorter work hours. In Buddhism, prosperity is viewed with an emphasis on Collectivism and individualism, collectivism and spirituality. This perspective can be at odds with capitalistic notions of prosperity, due to the latter's association with greed. Data from social surveys show that an increase in income does not result in a lasting increase in happiness; one proposed explanation to this is due to hedonic adaptation and soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prosperity Without Growth
''Prosperity Without Growth'' is a book by author and economist Tim Jackson (economist), Tim Jackson. It was originally released as a report by the Sustainable Development Commission. The study rapidly became the most downloaded report in the Commission's nine-year history when published in 2009. Later that year, the report was reworked and published as a book by Earthscan. A revised and expanded edition (''Prosperity Without Growth: Foundations for the Economy of Tomorrow'') was published in January 2017. Description By arguing that "prosperityin any meaningful sense of the wordtranscends material concerns," the book summarizes the evidence showing that, beyond a certain point, growth does not increase human well-being. ''Prosperity without Growth'' analyses the complex relationships between economic growth, Ecological crisis, environmental crises, and social recession. It proposes a route to a sustainable economy and argues for a redefinition of "prosperity" in light of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tim Jackson (economist)
Tim Jackson (born 1957) is a British Ecological economics, ecological economist and professor of sustainable development at the University of Surrey. He is the director of the Centre for the Understanding of Sustainable Prosperity (CUSP), a multi-disciplinary, international research consortium which aims to understand the economic, social and political dimensions of sustainable prosperity. Tim Jackson is the author of ''Prosperity Without Growth'' (2009 and 2017) and ''Material Concerns – pollution profit and quality of life, Material Concerns'' (1996). In 2016, he received the Hillary Institute, Hillary Laureate for exceptional mid-career Leadership. His most recent book ''Post Growth—Life After Capitalism'' was published in March 2021 by Polity (publisher), Polity Press. Work Academic work For more than twenty five years, he has worked internationally on sustainable consumption and production. During five years at the Stockholm Environment Institute in the early 1990s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legatum Prosperity Index
The Legatum Prosperity Index is an annual ranking developed by the Legatum Institute, an independent educational charity founded and part-funded by the private investment firm Legatum. The ranking is based on a variety of factors including wealth, economic growth, education, health, personal well-being, and quality of life. As of the 2023 rankings, 167 countries and territories were ranked, and Denmark topped the list, followed by its Nordic neighbours Sweden, Norway and Finland. South Sudan was in last place at 167th. Methodology The 2018 Legatum Prosperity Index is based on 104 different variables analysed across 149 nations around the world. Source data includes Gallup World Poll, World Development Indicators, International Telecommunication Union, Fragile States Index, Worldwide Governance Indicators, Freedom House, World Health Organization, World Values Survey, Amnesty International, and Centre for Systemic Peace. The 104 variables are grouped into 9 sub-indexes, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Degrowth
Degrowth is an Academic research, academic and social Social movement, movement critical of the concept of economic growth, growth in Real gross domestic product, gross domestic product as a measure of Human development (economics), human and economic development. The idea of degrowth is based on ideas and research from economic anthropology, ecological economics, environmental sciences, and development studies. It argues that modern capitalism's unitary focus on growth causes widespread Environmental degradation, ecological damage and is unnecessary for the further increase of Standard of living, human living standards. Degrowth theory has been met with both academic acclaim and considerable criticism. Degrowth's main argument is that an infinite expansion of the economy is fundamentally contradictory to the Resource depletion, finiteness of material resources on Earth. It argues that economic growth measured by GDP should be abandoned as a policy objective. Policy should instead ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainable Development
Sustainable development is an approach to growth and Human development (economics), human development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs.United Nations General Assembly (1987)''Report of the World Commission on Environment and Development: Our Common Future''. Transmitted to the General Assembly as an Annex to document A/42/427 – Development and International Co-operation: Environment. The aim is to have a society where living conditions and resources meet human needs without undermining planetary integrity. Sustainable development aims to balance the needs of the Economic development, economy, Environmental protection, environment, and society. The Brundtland Report in 1987 helped to make the concept of sustainable development better known. Sustainable development overlaps with the idea of sustainability which is a Normativity, normative concept. Text was copied from this source, which is av ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (such as mandatory pension contributions), and is widely used as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biodiversity Loss
Biodiversity loss happens when plant or animal species disappear completely from Earth (extinction) or when there is a decrease or disappearance of species in a specific area. Biodiversity loss means that there is a reduction in Biodiversity, biological diversity in a given area. The decrease can be temporary or permanent. It is temporary if the damage that led to the loss is reversible in time, for example through ecological restoration. If this is not possible, then the decrease is permanent. The cause of most of the biodiversity loss is, generally speaking, human activities that push the planetary boundaries too far. These activities include habitat destruction (for example deforestation) and land use intensification (for example monoculture farming). Further problem areas are Air pollution, air and water pollution (including nutrient pollution), over-exploitation, Invasive alien species, invasive species and climate change. Many scientists, along with the ''Global Assessment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partha Dasgupta
Sir Partha Sarathi Dasgupta (born 17 November 1942) is an Indian-British economist who is Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom, and a fellow of St John's College, Cambridge. Personal life He was born into a Baidya Brahmin family in Dhaka, and raised mainly in Varanasi, India, and is the son of the noted economist Amiya Kumar Dasgupta. He is married to Carol Dasgupta, who is a psychotherapist. They have three children, Zubeida (who is an educational psychologist), Shamik (a professor of philosophy), and Aisha (who is a demographer and works on the practice of family planning and reproductive health). His father-in-law was the Nobel Laureate James Meade. Education Dasgupta was educated in Rajghat Besant School in Varanasi, India, obtaining his Matriculation Degree in 1958, and pursued undergraduate studies in Physics at Hans Raj College, University of Delhi, India, graduating in 1962 and in Mathematics at Cambridge (Tri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Correlated
In statistics, correlation or dependence is any statistical relationship, whether causal or not, between two random variables or bivariate data. Although in the broadest sense, "correlation" may indicate any type of association, in statistics it usually refers to the degree to which a pair of variables are '' linearly'' related. Familiar examples of dependent phenomena include the correlation between the height of parents and their offspring, and the correlation between the price of a good and the quantity the consumers are willing to purchase, as it is depicted in the demand curve. Correlations are useful because they can indicate a predictive relationship that can be exploited in practice. For example, an electrical utility may produce less power on a mild day based on the correlation between electricity demand and weather. In this example, there is a causal relationship, because extreme weather causes people to use more electricity for heating or cooling. However, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption (economics)
Consumption refers to the use of resources to fulfill present needs and desires. It is seen in contrast to investing, which is spending for acquisition of ''future'' income. Consumption is a major concept in economics and is also studied in many other social sciences. Different schools of economists define consumption differently. According to mainstream economics, mainstream economists, only the final purchase of newly produced Good (economics), goods and Service (economics), services by individuals for immediate use constitutes consumption, while other types of expenditure — in particular, fixed investment, intermediate consumption, and government spending — are placed in separate categories (see consumer choice). Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g., the selection, adoption, use, disposal and recycling of goods and services). E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production (economics)
Production is the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output. Ideally this output (economics), output will be a goods and services, good or service which has value (economics), value and contributes to the utility (economics), utility of individuals. The area of economics that focuses on production is called production theory, and it is closely related to the consumption (or consumer) theory of economics. The production process and output directly result from productively utilising the original inputs (or factors of production). Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental factors of production. These primary inputs are not significantly altered in the output process, nor do they become a whole component in the product. Under classical economics, materials and energy are categorised as secondary factors a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Inequality
Social inequality occurs when resources within a society are distributed unevenly, often as a result of inequitable allocation practices that create distinct unequal patterns based on socially defined categories of people. Differences in accessing social goods within society are influenced by factors like power, religion, kinship, prestige, race, ethnicity, gender, age, sexual orientation, intelligence and class. Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity. Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth. Although the disciplines of economics and sociology generally use different theoretical approaches to examine and explain economic inequality, both fields are actively involved in researching this inequality. However, social and natural resources other than purely economic resource ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
