Well-Being Economy & Absolute Sustainability Design & Implementation of a Wellbeing Economy

Mia Heide, Senior Analyst from WELA - Wellbeing Economy Lab, unfolded the possibilities in a new economic model, namely that of a well-being economy. With a background in engineering and consultancy, Mia gave us an engaging presentation, emphasising the connection between (1) the urgent need for a new economic paradigm and (2) the systemic changes required in our society to remain within planetary boundaries.

This session quickly focused on the difficulties in discussing well-being without a global outlook as an integral part of the conversation. What constitutes well-being in Kenya and Denmark, and what is clean water from different perspectives around the globe?

🍃 But change must start somewhere, maybe in Denmark... and the learnings from a national perspective can be brought on a global scale.

We covered a range of topics related to current economic systems and their shortcomings, as well as how to analyse systems to design and implement our much-needed 'systemic change'. Mia argued the need for moving away from a cost-benefit analysis and towards a multicriteria analysis.

• Key message: The well-being of a society, whether relative or absolute, should form our economic systems, not the other way around.
•  Well-being: Needs are universal, satisfiers differ, and needs cannot be substituted.

This seminar features:

• Mia Heide , Senior Analyst at WELA - Wellbeing Economy Lab