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Date: 2019-12-11 Page is: DBtxt001.php list0300-Quality-of-life-1

Definitions for TrueValueMetrics
Quality of Life

Quality if life ... the pursuit of happiness ... is enshrined in the US Constitution. While the highest priority of mankind is to survive, after that, happiness is a critical driver of what is done. Money, as a proxy for happiness, has not done very well ... but it is money, more than happiness that is the main metric in modern accountancy and economics. TVM incorporates quality of life and happiness into its framework of performance metrics.

Bhutan. It is noteworthy that the small country of Bhutan has chosen to move beyond using GNP as its measure of economic performance to a National Happiness Index. Imagine how things would change if China, India, Brazil and the G8 all were to embrace happiness as the primary goal of national economic policy!
It has been said that modern capitalist market economics is simply about more and more and more ... and there is an element of truth in this. If this is applied as the core economics of the planet, it is a formula for disaster. Quality is as important as quantity. Value that produces happiness is more important than mere growth and money profit. Productivity and efficiency ... and an adequate sufficiency for everyone's reasonable needs. None of this is out of reach ... but the metrics must help. Playing the game with the wrong scorekeeping system will not get the job done.



The text being discussed is available at

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TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.
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