The body is built to seek wellbeing. If we do not achieve personal wellbeing, our bodies drive us to take action to source what it determines we need.
When we work alone, we are limited in our capacity for wellbeing to our personal skill set.
Society is an enfusion, a higher level co-operation of as many as millions of people, each carrying out specialist and highly skilled tasks. An enfused society is capable of generating a far greater output for individuals to consume as personal wellbeing.
Society establishes an economic structure to extract and manufacture goods and services which support human wellbeing. Individuals contribute to the loosely coordinated economy in a variety of ways. Society feeds back some of its output to individuals who “convert” the output to wellbeing through their internal wellbeing capacity. Different people have different capacities, which explains why experiences wellbeing is not based exclusively on the material goods and services provided by society.
The Wellbeing Economy
Wellbeing economics is defined as the whole societal system that generates wellbeing through cooperative activities. It is distinguished from 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.