Re: [Pen-l] Green public investment - spend how much and on what

[Doug Henwood <dhenwood@xxxxxxxxx>]

On Dec 1, 2008, at 4:29 PM, Jim Devine wrote:

> instead of using exchange-value to measure growth (i.e., real GDP),
> why not use some aggregate of use-values? something like the Nepalese
> Gross Domestic Happiness?

What would be the unit of measure?

I think you mean Bhutan, and here's what Wikipedia says about that:

<http://en.wikipedia.org/wiki/Gross_National_Happiness>

> Critics allege that because GNH depends on a series of subjective  
> judgments about well-being, governments may be able to define GNH in  
> a way that suits their interests. In the case of Bhutan, for  
> instance, they say that the government expelled about one hundred  
> thousand people and stripped them of their Bhutanese citizenship on  
> the grounds that the deportees were ethnic Nepalese who had settled  
> in the country illegally.[3][4] While this would reduce Bhutan's  
> wealth by most traditional measures such as GDP, the Bhutan  
> government claims it has not reduced Bhutan's GNH.
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