Inside Out | Hong Kong can lift its misery by making happiness serious business
- Focusing on economic growth has left Hong Kong sadly at 76th in the World Happiness Report. The city must get serious about tracking happiness to have a stab at a meaningful future
- To start, try the OECD’s Better Life Index, which tracks 11 qualities such as housing, secure jobs and civic engagement
The consensus answer starts with Aristotle’s eudaemonia, roughly translated as happiness with a bundle of virtue mixed in. In the 1700s, Jeremy Bentham took things further with his utilitarianism – “it is the greatest happiness of the greatest number that is the measurement of right and wrong”.
We can then segue forwards to University of Southern California professor Richard Easterlin, and his controversial 1974 paper “Does economic growth improve the human lot? Some empirical evidence”. His firm answer was no: wealth had tripled in the United States since 1960, but measures of happiness had stagnated.
Since Easterlin’s “discovery”, thousands of academic papers have been published trying first to identify what makes us happy, and then to distil that into an index to use instead of GDP.