Policy course module 2.8 What do you see as the main value of applying a wellbeing economy approach to public policy?

Hubs & Collaborative Groups Policy Design Course
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This discussion space is part of the Wellbeing Economy Policy Design course, Module 2.8

Discussion question: What do you see as the main value of applying a wellbeing economy approach to public policy?

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It would hopefully create positive outcomes for society and the planet and not for vested interest groups.

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The main value of applying a wellbeing economy approach (rather than an economy of wellbeing approach) is that puts the ‘ends’ – that is, improving wellbeing – at the centre. This, however, requires policymakers to have a better understanding of “dynamic complexity”. This is difficult when much of policy exist in silos – economic policy falls to one department; welfare to yet another; transport in yet another space; etc. The opportunity here is to encourage policymakers to see the interconnectivity between policy areas –– and recognise the critical importance of participation of local people and communities if any policy is to achieve its desired economic, social, and environmental impacts.

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Thanks for sharing, Si! Great to see how a wellbeing economy can help shift the focus towards ‘ends’, as well as highlighting the value of dynamic complexity and community participation.