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Podcast: Smart Talk
Episode: Dr Ross McDonald considers whether money or happiness is more important
Description: The history and current trends in economics, and Bhutan's alternative to GNP, is discussed by Dr Ross McDonald from the University of Auckland during the 2019 Raising the Bar night. Listen to Dr Ross McDonald discussing how the 18th-century economic theorist Adam Smith is misrepresented, and why one kind of happiness is better than another Is money or happiness more important?For the fourth King of Bhutan the answer was clear. In 1972 he declared that his country would pursue a goal of maximising happiness instead of economic growth, sparking an international debate....