Reasons to be Cheerful with Ed Miliband and Geoff Lloyd

91. WHO’S AFRAID OF GDP?: shifting to a wellbeing economy

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Episode notes

Hello! Governments focus on maximising gross domestic product (GDP), but is that really the route to a happy and sustainable economy? This week we talk to New Zealand finance minister Grant Robertson about their new approach: the world’s first ‘wellbeing budget’. Academic Bronwyn Hayward and the New Economics Foundation’s Annie Quick analyse what it means and what the UK can learn. Then GOD himself, former Cabinet Secretary Gus O’Donnell, explains why his experience in government has made him an advocate for wellbeing economics.

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