Brian Easton, one of New Zealand's foremost independent economists, argues in this Fabian lecture that in a time of prolonged economic stagnation we should not equate income with wellbeing, or pursue income growth at all costs. Instead following Aristotle we should promote the good life well lived, as well as with Amartya Sen enhancing people's life opportunities. Certain sorts of collective spending, better health and education, lower income inequality and less stressful unemployment may all contribute more to our economic well-being.

Brian's presentation may be downloaded here