I’m writing this on a plane, on my way home from four conferences on the “new economy.” The UN conference on “High Level Meeting on Wellbeing and Happiness: Defining a New Economic Paradigm,” organized by the nation of Bhutan, was especially noteworthy.
I had the sense of being at a milestone event, at which a couple of heads of state and several high-level national government representatives were saying almost exactly what ecological economists like Herman Daly have been telling us for years. Here is a nation—a tiny one, but a nation nonetheless—making its voice heard in the international community, calling for an end to the monomaniacal pursuit of GDP growth above all else. Despite the difficulties ahead, this is a cause worth celebrating and supporting.