A better economic model

Daily I'm waiting for people smarter in economics than myself to come up with a solution, but all I see is ongoing uncertainty and unfocussed fear of the future.

So I'm proposing an economic alternative, where the feeling of economic success is based not on assumption and hope, but directly on the ability of the economy to improve our quality of life:

• What is the problem?.
• Stepping towards a solution that allows us to measure economic success directly based on quality of life.
• [NOT YET PUBLISHED] Testing that solution against real scenarios.
• [NOT YET PUBLISHED] Recommending implementation strategies.

The section, Solution, describes each component in detail. The following graphic gives a high-level overview just to get your taste buds going.

The strength of this model is that it:

• Measures the effect of economic activities directly on quality of life and therefore enables society, at the planning stages to determine which activities will improve our QofL and thus optimizes our ability to plan positive activities.
• Lets these measurements adjust the monetary standard to proportionally increase our ability to pursue such activities should our QofL begin to decrease.

Acknowledgements

This page, and the other 4 associated pages contain graphics that have been taken directly from pictures posted on the Internet. I thank those who have originated the pictures and assure them that as soon as I am able, I will drawn my own images and remove theirs from my site.

This page is written by myself, Peter Vasdi; this page first published and posted on the Internet on Sunday 16 October 2011.