http://cenkuslaw.com
Traditionally, the way we measure economic success is by economic growth via metrics such as GDP, average income, unemployment, etc.
However, while economic growth is important to a point, wealth and growth don’t equate to personal satisfaction and happiness. That’s why I argue that traditional metrics of economic progress aren’t the most effective means to measure overall progress (at least not for the most developed economies).
We’ve experienced tremendous economic growth over the past century, yet it appears that we aren’t any happier. In fact, the U.S. is one of the wealthiest countries on the planet, yet by the standards of the UN’s World Happiness Report we certainly aren’t the happiest.
While subjective happiness is difficult to measure and compare between societies, it’s absolutely a valuable metric to compare amongst a static population over time. In the UN’s World Happiness Report, they utilized six key indicators of happiness:
1. GDP (a traditional metric of economic health)
2. Perception of corruption
3. Life expectancy
4. Generosity
5. Social support
6. Overall freedom
Again, although it’s difficult to measure the happiness of a population, I argue that it’s an important factor to consider in examining the progress of society as a whole.
Our obsession with growth means nothing if we aren’t happier as a result of this relentless pursuit. And, one could argue that a happier population, in fact, makes it more productive and is a sign of that growth we so desire.
Watch the video for my take and please share your thoughts!
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For a deeper dive into and other legal issues vital to the success of your deals and your business, visit me at:
http://www.cenkuslaw.com
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You can also reach me at:
https://www.linkedin.com/in/brettcenkus
http://www.cenkuslaw.com
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About me:
My 20+ years of experience in business finance, business law and entrepreneurship have led me to believe that numbers and logic are awesome tools, but understanding human nature and emotions is the first step to business success.
The Cenkus Law Firm provides services related to mergers & acquisitions, general business issues and startups, including founders’ agreements and fundraising. I also consult with entrepreneurs and have invested my own capital as an angel investor.
From 2010-2013 I served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006 me and a partner founded and built Paragon Residential Mortgage. Paragon was sold to Bridge Investments in 2006.
I hold a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.
Now, I live in Austin, TX with my wife and two kids. I enjoy reading, running, classic movies, great food and wine and some great American football.
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