More evidence of the ‘growth fetish’

Clive Hamilton’s recently published book, Growth Fetish, certainly caused a stir, and Richard Layard adds fuel to the fire.

The Economist this week gives details on Layard’s Lionel Robbins memorial lectures delivered earlier this year, ‘Happiness — Has Social Science a Clue?’, which reports on research that suggests that incomes don’t make us happier, and we work too hard. The conclusion is that GDP is a flawed measure of economic well-being, and that happiness demands leisure as well as material consumption. On that note, I think I’ll take the rest of the weekend off.