Well-Being and Beyond

Well-Being and Beyond

Broadening the Public and Policy Discourse

New Horizons in Management series

Edited by Timo J. Hämäläinen and Juliet Michaelson

This book will broaden the public and policy discourse on the importance of well-being by examining psychological, social, environmental, economic, organizational, institutional and political determinants of individual well-being.

Chapter 11: Well-being, capitalism and public policy: from generalization to granularity

Geoff Mulgan

Subjects: business and management, organisational behaviour, public management, social entrepreneurship, economics and finance, health policy and economics, politics and public policy, public policy


In this chapter I look at some of the ways we should consider two questions: first, how governments can influence well-being; and, second, how capitalism influences well-being. I argue that in both cases the aggregate pictures tell us less than we might hope. However, the more detailed pictures both of public programmes and of the influences of different aspects of capitalism can be very instructive. The implication is that we need to choose our levels of granularity with care.

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