The Inclusivity Project has developed a model for economic systems whose objective includes human wellbeing. The model is based on emerging economic, social and psychological understanding, and supplemented with additional insight that stems from a re-evaluation of the workings and purpose of society. The premise of the model is that the purpose of a society is to maximise the inclusive, sustainable prosperity for its members, where prosperity is defined as the aggregate wellbeing of all members of society.
The Personal Wellbeing Model
Wellbeing economics is defined as the whole societal system that generates wellbeing through co-operative activities. It is distinguished from the traditional monetary economics that has a bias towards activities that involve monetary flows, with poor representation of unpaid activities that contribute to prosperity. The articles below provide insight into what wellbeing is, how it is generated and how it can be measured as the basis for assessing how successfully society achieves its objectives. For clarity, we refer to the wellbeing of an individual, and to the prosperity of a society. In this usage, the prosperity of society represents the aggregate wellbeing of its members.
- Definitions and Measurements of Wellbeing
A review of the definition/composition of personal wellbeing, and of methods currently applied for its measurement
- Generation and Management of Wellbeing
A review of how wellbeing is generated and managed, with an explanation of the energy flows through which individuals and society combine to generate amplified prosperity.
The Societal Prosperity Model
Society is the place where people live and work together for mutual benefit. The way society is structured determines the way in which the energy flows of individual are combined and coordinated to create amplified wellbeing. The articles below provide insight into how the combined entity of society uses the energy flows of its members, to amplify the outcomes to satisfy the needs, desires and aspirations of its members.
- Generation and Management of Prosperity
Designs for a Better World sets out how society generates prosperity.
- Measurement and Modelling of Prosperity
Models for a Better World is an economic model that relates the measured structures of society with its measured output. The model provides the basis for understanding, correlating and forecasting the impact of policy/practice on society, and its implications for policy makers, business leaders and community leaders.
SustainabileUse of Resources
A framework for assessing the constraints and impact of unsustainable practices on society’s output.