Transcript Happy Planet Index final version

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 measured—who
measures it?
 HPI
use data on experienced well-being,
life expectancy and ecological footprints.
 Happy
=
planet index
𝐸𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒𝑑 𝑤𝑒𝑙𝑙 𝑏𝑒𝑖𝑛𝑔 ×𝐿𝑖𝑓𝑒 𝑒𝑥𝑝𝑒𝑛𝑡𝑎𝑛𝑐𝑦
𝐸𝑐𝑜𝑙𝑜𝑔𝑖𝑐𝑎𝑙 𝑓𝑜𝑜𝑡𝑝𝑟𝑖𝑛𝑡
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 doesn’t
 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 measure
 HPI
excludes economic prosperity
 HPI
does not necessarily measure the
happiness .
 Experienced
 Inequality,
ignored.
well-being is very subjective
human rights, labor rights
Conclusion
 Happy
planet index addresses well-being
and environments which GDP doesn’t.
 HPI
cannot alternate GDP because it
excludes economic prosperity and the
index is flawed.
Bibliography
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"About the HPI." Happy planet index. New Economics Foundation. Web.
22 May 2013. <http://www.happyplanetindex.org/about/>.
“The data " Happy planet index. New Economics Foundation. Web. 22
May 2013. <http://www.happyplanetindex.org/data/>.
"Happy planet index ."http://en.wikipedia.org/wiki/Happy_Planet_Index.
Wikipedia . Web. 22 May 2013.
<http://en.wikipedia.org/wiki/Happy_Planet_Inde&xgt;.
"List of GDP by countries ." Wikipedia . Wikipedia. Web. 22 May 2013.
<http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)>.
snowdon, Chris. "Shiny happy people? The madness of the Happy Planet
Index." adamsmith 20 06 2012 , n. pag. Web. 22 May. 2013.
<http://www.adamsmith.org/research/articles/shiny-happy-people-themadness-of-the-happy-planet-inde&xgt;.