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Date: 2025-08-22 Page is: DBtxt003.php L0915-MIforTVM-020000
Burgess Manuscript Navigation
Management Information
Essential to Support Progress and Performance
of the Global Socio-Enviro-Economic System.
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Chapter 2
People (Society) ... Quality of Life / Wellbeing


Putting People at the Center

The history of humankind is all about people being at the center ... and specifically the role of the individual as the focal point of everything.

Power

In the history of mankind, power has been important ... essentially the powerful survived and others did not.

Great Financial Wealth

Sometimes great financial wealth ... great money wealth ... has been substituted as a proxy for power. The measurement of financial wealth is easy compared to the measurement of power, so it is understandable that they should become conflated.

Quality of Life / Wellbeing

Quality of life ... or wellbeing ... is a composite of many components. This makes it very difficult to describe in a single unit of measure. Such a metric becomes maybe the most important metric to decribe the state of the world and progress. There is not wide consensus about how such a metric should be constructed, but there are a lot of good ideas that are in play.

One of these is the Canadian Index of Wellbeing which is based on 8 main areas of wellbeing, with 8 sections within each area ... a total of 64 elements of interest.

This has many of the characteristics that are incorporated into the TrueValueMetrics management metrics.


A Sufficiency of Financial Wealth

A modest amount of financial wealth is far better than a chronic insuffiency of financial resources. There is a vast difference in stress between having enough money for immediate needs and not having enough. The difference may be quite small, but the impact on stress and wellbeing is huge.

Health

Being in good health has all sorts of advantages

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