How to measure a good life – tips for moving beyond GDP

Key Points

• This research aims to explore alternative ways to measure national economies beyond traditional GDP metrics.
• Analyzed the impact of human capital on economic assessments.
• Examined the role of environmental capital in economic evaluations.
• Discussed methodologies for integrating these factors into traditional economic models.
• Including human and environmental capital alters the understanding of national economic health.
• Revealed that GDP alone may not adequately reflect the well-being of societies.