PowerPoint Presentation

By: Greg Lim & Deyon Taylor

Overview of the measure

Happy planet index was introduced by New Economic foundation(NEF) in July 2006

Happy planet index measures how long and happy lives country produce based on their resource consumption

Limitations of GDP it attempts to address

GDP does not necessarily measure the living standards of the country GDP excludes things such as leisure time, longer holiday, community and environment. So HPI attempts to measure well-being of people(happiness)

How it is measuredwho measures it?

Comparative Data: the measure V.S. GDP per capita for select countries

Happy Planet Index

Strengths of the measure

Happy planet index takes into account of both well-being and environment that GDP doesnt

Ultimate goal for most people is to live happy and healthy lives, not wealth.

HPI gives us implication of how satisfied we are and consumption of resource. This can remind us to work towards goal to be happy and save the environment.

Limitations of the measureHPI excludes economic prosperity

HPI does not necessarily measure the happiness .

Experienced well-being is very subjective

Inequality, human rights, labor rights ignored.

Conclusion

Happy planet index addresses well-being and environments which GDP doesnt.

HPI cannot alternate GDP because it excludes economic prosperity and the index is flawed.

Bibliography

"About the HPI."Happy planet index. New Economics Foundation. Web. 22 May 2013. . The data "Happy planet index. New Economics Foundation. Web. 22 May 2013. ."Happy planet index ."http://en.wikipedia.org/wiki/Happy_Planet_Index. Wikipedia . Web. 22 May 2013.