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Title: To the Best of Our Knowledge: Economics of Well-Being
Author: Jim Fleming
Narrator: Jim Fleming
Format: Original Recording
Length: 52 mins
Language: English
Release date: 06-19-13
Publisher: Wisconsin Public Radio (To the Best of Our Knowledge)
Genres: Radio & TV, Great Interviews
Publisher's Summary:
In this hour, Fed Reserve Chairman Ben Bernake may wield more power over the economy than anyone else, even though he was never elected. So how did he get so much influence? Washington Post journalist Neil Irwin takes us inside the secretive club of the world's leading central bankers.
Next, do banks really have to rule the world? Not if we use alternative currencies. Bernard Lietaer and Jacqui Dunne say thousands of these different exchange systems already exist to meet people's real needs - from health care to business transactions to mentoring.
Then, we all think we'd be happier with more money, and up to a point, that's true. But once your annual income hits $75,000, making more money has no impact on your happiness. Elizabeth Dunn talks about how to rethink our relationship with money.
After that, Great Britain is one of the first countries to create a national measure of well-being - "a gross national happiness index" - thanks largely to Lord Richard Layard. He says economics should focus on what makes people happy, and how societies can help those with mental illness..
Finally, suppose we thought of the economy in seasons? Economist and futurist Rebecca Ryan says we'd be in winter. She thinks we're not just in an economic downturn; we're actually nearing the end of another cycle in American history. But spring is still to come. [Broadcast Date: June 19, 2013]