otrdiena, 2017. gada 15. augusts

What is Needed for a Happy Future?


                                                        Usus magister est optimus




What is Needed for a Happy Future?
                                                                           Part 7
   Living in today’s reality, we rejoice at the existing, albeit very limited, opportunities to fulfil ourselves, to satisfy our vital interests of survival, to improve our personality. At the same time, we lament the evil world and severe social inequality, the selfishness of our fellow citizens, the politics full of intrigues and the widespread prevalence of corruption and violence, unforgivably often admitting our seeming powerlessness to change anything and without actually taking targeted, effective actions to eradicate the roots of these negations.
   It has to be stated that the majority of the society are not any better, not more spiritual and not morally stronger than previous generations. Rather, they have become even more refined in the culture of their speech, richer in fabrications regarding the reasoning of their actions. And at the same time endowed with an incomparably more powerful potential for their development (or possible destruction) than our fathers and grandfathers.... Read more: https://www.amazon.com/HOW-GET-RID-SHACKLES-TOTALITARIANISM-ebook/dp/B0C9543B4L/ref=sr_1_1?crid=19WW1TG75ZU79&keywords=HOW+TO+GET+RID+OF+THE+SHACKLES+OF+TOTALITARIANISM&qid=1687700500&s=books&sprefix=how+to+get+rid+of+the+shackles+of+totalitarianism%2Cstripbooks-intl-ship%2C181&sr=1-1
   



08.08.2017

Meaning in Life and Its Relationship With Physical, Mental, and Cognitive Functioning

Objective: To examine the relationship of presence and search for meaning in life with age, physical and mental well-being, and cognitive functioning across the adult lifespan….
Conclusions: Presence and search for meaning in life are important for health and well-being, though the relationships differ in adults younger and older than 60 years. Better understanding of the longitudinal relationships of meaning of life with well-being is warranted to design interventions to increase meaning of life and improve health and functioning.


GDP Is Not a Measure of Human Well-Being

OCTOBER 04, 2019
Economic growth has raised living standards around the world. However, modern economies have lost sight of the fact that the standard metric of economic growth, gross domestic product (GDP), merely measures the size of a nation’s economy and doesn’t reflect a nation’s welfare. Yet policymakers and economists often treat GDP, or GDP per capita in some cases, as an all-encompassing unit to signify a nation’s development, combining its economic prosperity and societal well-being. As a result, policies that result in economic growth are seen to be beneficial for society.
We know now that the story is not so simple – that focusing exclusively on GDP and economic gain to measure development ignores the negative effects of economic growth on society, such as climate change and income inequality. It’s time to acknowledge the limitations of GDP and expand our measure development so that it takes into account a society’s quality of life.
A number of countries are starting to do this. India, for instance, where we both work advising the government, is developing an Ease of Living Index, which measures quality of life, economic ability and sustainability.
When our measures of development go beyond an inimical fixation towards higher production, our policy interventions will become more aligned with the aspects of life that citizens truly value, and society will be better served. But before we attempt to improve upon the concept of GDP, it is instructive to understand its roots.
The origins of GDP
Like many of the ubiquitous inventions that surround us, the modern conception of GDP was a product of war. While Simon Kuznets is often credited with the invention of GDP (since he attempted to estimate the national income of the United States in 1932 to understand the full extent of the Great Depression), the modern definition of GDP was developed by John Maynard Keynes during the second world war.
In 1940, one year into the war with Germany, Keynes, who was working in the UK Treasury, published an essay complaining about the inadequacy of economic statistics to calculate what the British economy could produce with the available resources. He argued that such data paucity made it difficult to estimate Britain’s capacity for mobilization and conflict.
According to him, the estimate of national income should be the sum of private consumption, investment and government spending. He rejected Kuznets’ version, which included government income, but not spending, in his calculation. Keynes realized that if the government’s wartime procurement was not considered as demand in calculating national income, GDP would fall despite actual economic growth taking place. His method of calculating GDP, including government spending into a country’s income, which was driven by wartime necessities, soon found acceptance around the world even after the war was over. It continues to this day.
How GDP falls short
But a measure created to assess wartime production capabilities of a nation has obvious drawbacks in peacetime. For one, GDP by definition is an aggregate measure that includes the value of goods and services produced in an economy over a certain period of time. There is no scope for the positive or negative effects created in the process of production and development.
For example, GDP takes a positive count of the cars we produce but does not account for the emissions they generate; it adds the value of the sugar-laced beverages we sell but fails to subtract the health problems they cause; it includes the value of building new cities but does not discount for the vital forests they replace. As Robert Kennedy put it in his famous election speech in 1968, “it [GDP] measures everything in short, except that which makes life worthwhile.”
Environmental degradation is a significant externality that the measure of GDP has failed to reflect. The production of more goods adds to an economy’s GDP irrespective of the environmental damage suffered because of it. So, according to GDP, a country like India is considered to be on the growth path, even though Delhi’s winters are increasingly filled with smog and Bengaluru’s lakes are more prone to fires. Modern economies need a better measure of welfare that takes these externalities into account to obtain a truer reflection of development. Broadening the scope of assessment to include externalities would help in creating a policy focus on addressing them.
GDP also fails to capture the distribution of income across society – something that is becoming more pertinent in today’s world with rising inequality levels in the developed and developing world alike. It cannot differentiate between an unequal and an egalitarian society if they have similar economic sizes. As rising inequality is resulting in a rise in societal discontentment and increased polarization, policymakers will need to account for these issues when assessing development.
Another aspect of modern economies that makes GDP anachronistic is its disproportionate focus on what is produced. Today’s societies are increasingly driven by the growing service economy – from the grocery shopping on Amazon to the cabs booked on Uber. As the quality of experience is superseding relentless production, the notion of GDP is quickly falling out of place. We live in a world where social media delivers troves of information and entertainment at no price at all, the value for which cannot be encapsulated by simplistic figures. Our measure of economic growth and development also needs to adapt to these changes in order to give a more accurate picture of the modern economy.
How we’re redefining development in India
We need alternative metrics to complement GDP in order to get a more comprehensive view of development and ensure informed policy making that doesn’t exclusively prioritize economic growth. We’re seeing some efforts already, such as Bhutan’s attempt to measure Gross National Happiness, which considers factors like equitable socio-economic development and good governance, and UNDP’s Human Development Index (HDI), which encapsulates health and knowledge apart from economic prosperity.
As a step in this direction, India is also beginning to focus on the ease of living of its citizens. Ease of living is the next step in the development strategy for India, following the push towards ease of doing business that the country has achieved over the last few years. The Ministry of Housing and Urban Affairs has developed the Ease of Living Index to measuring quality of life of its citizens across Indian cities, as well as economic ability and sustainability. It is as well expected to evolve into a measurement tool to be adopted across districts. We believe that this more holistic measure will provide more accurate insights into the state of development of the Indian economy.
The end goal is to have a more just and equitable society that is economically thriving and offering citizens a meaningful quality of life. With a change in what we measure and perceive as a barometer of development, how we frame our policies will also catch up. In an economy with well-being at its heart, economic growth will simply be another tool to guide it in the direction that the society chooses. In such an economy, the percentage points of GDP, which are rarely connected with the lives of average citizens, will cease to take the center stage. The focus would instead shift towards more desirable and actual determinants of welfare.

Artificial Intelligence Set: What You Need to Know About AI
 April 25, 2018
What do you really need to know about the Artificial Intelligence (AI) revolution? This specially priced 4 item set will make it easier for you to understand how your company, industry, and career can be transformed by AI. It is a must-have for managers who need to recognize the potential impact of AI, how it is driving future growth, and how they can make the most of it. This collection includes: "Human + Machine: Reimagining Work in the Age of AI" by Paul Daugherty and H. James Wilson; which reveals how companies are using the new rules of AI to leap ahead on innovation and profitability, as well as what you can do to achieve similar results. Based on the authors' experience and research with 1,500 organizations, this book describes six new types of hybrid human + machine roles that every company must develop, and it includes a "leader's guide" with the principals required to become an AI-fueled business. "Prediction Machines: The Simple Economics of Artificial Intelligence" by Ajay Agrawal, Joshua Gans, and Avi Goldfarb; the authors lift the curtain on the AI-is-magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, managers, policy makers, investors, and entrepreneurs. "Artificial Intelligence for the Real World" (Article PDF), based on a survey of 250 executives familiar with their companies' use of cognitive technology and a study of 152 projects show that companies do better by developing an incremental approach to AI, and by focusing on augmenting rather than replacing human capabilities. And "Reshaping Business with Artificial Intelligence" (Article PDF); provides baseline information on the strategies used by companies leading in AI, the prospects for its growth, and the steps executives need to take to develop a strategy for their business.

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