In The Moral Consequences of Economic Growth Benjamin Friedman deploys a lot of case studies of social progress and economic growth going hand in hand. Similarly, in Stubborn Attachments, Tyler makes a compelling case the GDP is greatly linked with human-wellbeing, but he also allows that there is more to well-being than the basket of goods that can be currently be purchased. He calls the total basket of goods Wealth Plus. So far so good.
I appreciate that what you do here is look for a way for economic growth to correlate with some level of social change, i.e. more vacation. As a first look, I think this style of thinking hold some promise. It is impossible to detail all the goods that humans choose to purchase or tradeoff against and create public policy around them. But perhaps we can formulate an account of Wealth Plus/ Human Flourishing that takes advantage of the correlation between wealth and wellbeing.
Well-being is likely multiplicative of several species of goods which tradeoff against each other, but are hard to exchange. I want to do more theorizing on this. The example of vacation days vs. productive work is interesting. Can you share more about your model of rival species of goods?
This is largely a response to footnote 2.
In The Moral Consequences of Economic Growth Benjamin Friedman deploys a lot of case studies of social progress and economic growth going hand in hand. Similarly, in Stubborn Attachments, Tyler makes a compelling case the GDP is greatly linked with human-wellbeing, but he also allows that there is more to well-being than the basket of goods that can be currently be purchased. He calls the total basket of goods Wealth Plus. So far so good.
I appreciate that what you do here is look for a way for economic growth to correlate with some level of social change, i.e. more vacation. As a first look, I think this style of thinking hold some promise. It is impossible to detail all the goods that humans choose to purchase or tradeoff against and create public policy around them. But perhaps we can formulate an account of Wealth Plus/ Human Flourishing that takes advantage of the correlation between wealth and wellbeing.
Well-being is likely multiplicative of several species of goods which tradeoff against each other, but are hard to exchange. I want to do more theorizing on this. The example of vacation days vs. productive work is interesting. Can you share more about your model of rival species of goods?