Tag Archives: Economics

Are you happier than you were 10 or 20 years ago? No? Then read this…

The Economics of Happiness

Our thanks to Green Monkey for suggesting the following article. It’s a good read and well worth your time.

“Our global economy is effective at many things—moving huge quantities of goods across great distances, for example, or turning mortgages into profits. What it’s not so good at is determining whether these activities are worthwhile when it comes to improving the lives of the people who live and work within the economy (not to mention preserving the natural systems on which the whole shebang depends). In many cases, economic policies that increase trade or production actually decrease well-being for millions, even billions, of people.

That’s the reality that’s leading more people (and, increasingly, governments, from Bhutan and Bolivia to Britain and France) to ask a very simple question: What’s the economy for, anyway? Do the rules and policies we create to govern the flow of money and goods exist to create ever more money and goods, or to improve our lives?

And if we decide we’d like to prioritize the latter, how do we rewrite the rules to do that?”

…Read the entire article at Yes! Magazine: Localization is the Economics of Happiness

Photo by Camille Sheppard Dohrn

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Filed under Agriculture, Barbados, Economy, Ethics, Human Rights

Jane Shattuck-Hoyos asks “Why is Jamaica suffering while Barbados prospers?”

Could it be that Bajan shirt-tails are tucked in?

The difference in Jamaican and Bajan history and economic outcomes? Nevermind that garbage about the best-behaved slaves were offloaded on Bim and the rebels were shipped to Jamaica. (Ya… we still hear that trash when the rum is flowing up in Grape Hall from people who really should know better.)

Our friend Jane at Planet Barbados found a US Public Radio programme that looks at the differences between Jamaica and Bim and where we currently stand as countries and societies. For my part I don’t agree with the programme’s thrust that economic policies were the sole cause of the different outcomes that we see – I think that cultural differences also played a critical role in the differing histories of Barbados and Jamaica. Continue reading

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Filed under Barbados, Culture & Race Issues, History, Jamaica, Slavery