The big news today is that economic growth is down to 0%. This is obviously a tragedy, but will it make us less happy... What we really need is an index of national happiness - a measurement of how much happier we are this year than last year. Economics is important, but we are now in a position where there is enough stuff to go round - what we need to do is to manage our affairs in a way that makes us all happier, that would be real success. Does the government need a new department to rival the exchecquer or the Bank of England? Maybe the department for the happiness of Britain? We need new indices too, at present we look at the Retail Price Index, Gross Domestic Product and the Balance of Payments. I think we should be looking at a General Wellbeing Index, Gross Domestic Happiness and the Balance of Contentment. Growing waistlines are showing us that we have more than enough material wealth, what we need to do is to create a culture that feeds more than our stomachs. edit Trawling through the internet I found a wikipedia entry on Happiness economics http://en.wikipedia.org/wiki/Happiness_economics Interesting stuff!