60 – Revisiting the economy by taking into account the different dimensions of well-being

In standard economic models benevolent governments are the unique actors in charge to tackle the problem of reconciling individual with social wellbeing in presence of negative externalities and insufficient provision of public goods.

Some promising practices of grassroot economics suggest however that, even a minoritarian share of concerned individuals and socially responsible corporations which internalise externalities, significantly enhance the opportunities of promoting “sustainable happiness” harmonising creation of economic, social and environmental value.





Keywords: wellbeing, negative externalities, public goods