A New Measure of Well-Being From a Happy Little Kingdom

From The New York Times:

What is happiness? In the United States and in many other industrialized countries, it is often equated with money. Economists measure consumer confidence on the assumption that the resulting figure says something about progress and public welfare. The gross domestic product, or G.D.P., is routinely used as shorthand for the well-being of a nation. But the small Himalayan kingdom of Bhutan has been trying out a different idea. In 1972, concerned about the problems afflicting other developing countries that focused only on economic growth, Bhutan's newly crowned leader, King Jigme Singye Wangchuck, decided to make his nation's priority not its G.D.P. but its G.N.H., or gross national happiness.

Bhutan, the king said, needed to ensure that prosperity was shared across society and that it was balanced against preserving cultural traditions, protecting the environment and maintaining a responsive government. The king, now 49, has been instituting policies aimed at accomplishing these goals. Now Bhutan's example, while still a work in progress, is serving as a catalyst for far broader discussions of national well-being.

More here.