Chapter

The Grip of Death A Study of Modern Money, Debt Slavery and Destructive Economics. Jon Carpenter, i998, p. 3i6. 2. Joe Dominguez and Vicki Robin. Your Money or Your Life Transforming Your Relationship with Money and Achieving Financial Independence. Penguin, i999, pp. 2i9 258. 3. Thomas Jefferson in the debate over the Re-Charter of the Bank Bill (i809). online . cited February 6, 2007 . 4. Quoted on The Money Masters website. online . cited October 24, 2006 . the...

Chinas xiaokang philosophy of moderation

My recent work in China, helping Chinese colleagues design a new national accounting system to take nature into greater account in China's GDP estimates and economic policies, has led me to appreciate an ancient philosophy called xiaokang (moderation) first put forward by the Chinese philosopher Confucius. Confucius believed that a society seeking to achieve true harmony should strive for moderation and material sufficiency for all households of the nation. The term xiaokang literally means...

The Genuine Progress Indicator GPI

The Genuine Progress Indicator or GPI was developed in 1995 by Cliff Cobb, an economist with the San Francisco economic-think tank Redefining Progress as an alternative measure of economic well-being and progress to the GDP.5 If the GDP was designed to account for the total monetary value of consumption and production in an economy, the GPI was designed to indicate genuine progress in people's quality of life and overall economic, social and environmental well-being. The GDP's ideal economic...

Kate Kaemerles story

We each have our own story about realizing our own genuine wealth. The following is the story of Kate Kaemerle. Kate lives in Seattle with her partner and a few fuzzy friends in a 1910 bungalow. She's a vibrant and innovative 40-something entrepreneur and businesswoman with a passion for doing good by doing right in business and in her community. She owns EnTech Public Relations and specializes in clients with environmentally sound and socially responsible products and services. She also...

The wisdom and genuine wealth of the Inuit of Nunavut

In the late summer of 2002 I was invited to Iqaluit, Nunvaut in Canada's Eastern Arctic by Derek Rasmussen, a policy advisor to the Inuit and to the Nunavut Tunngavik Inc. (NTI), to help develop the 2002 2003 Annual Report on the State of Inuit Culture and Society.5 This report would be based on Inuit values and not simply monetary or economic measures of progress like the GDP. Rasmussen had read my Alberta GPI work and felt that I was the right person to develop a more genuine well-being...

Glossary

Canadian Index of Well-being An initiative to develop a new comprehensive measure of well-being that reflects economic, social and environmental conditions that matter most to Canadians. Capital Wealth, in whatever form, used or capable of being used to produce more wealth. Also an accumulated stock of such wealth money or property or its value which is owned or used in business by a person, corporation, etc. Chrematistics An ancient Greek term which literally means the art of money-making or...

Chinas xiaokang society An economy of moderation

Since November 2004, I have been traveling to China along with colleagues Peter Bartelmus one of the fathers of green accounting at the United Nations and Laszlo Pinter a sustainability measurement expert with the International Institute for Sustainable Development based in Winnipeg . We are providing strategic economic council to the Chinese Academy of Social Sciences regarding China's efforts to adopt green GDP accounting and develop new indicators of progress towards the goal of a harmonious...

Encouraged by pioneering reports

Moving to Alberta Treasury in 1995, I entered an exciting area measuring the overall performance of the government and the quality of life of Albertans. Measuring Up5 was one of the first triple-bottom-line performance reports in which a government described the conditions using 24 core indicators of people, prosperity and preservation the 3-Ps of progress . Measuring Up rivaled pioneer quality of life indicators in Oregon Oregon Benchmarks , Minnesota Minnesota Milestones and Seattle...

Beginning the work in Canada

If updating the US GPI had been my economic Mt. Everest, my next goal was developing a solid and permanent base camp to advance GPI accounting in Canada. I wanted to develop Redefining Progress Canada and take the original US GPI work to a new level of sophistication and practical application. My friend and former economics thesis advisor, Dr. Michael Percy now Dean of the Faculty of Business at the University of Alberta, gave me the chance to create and run a research think tank at the...

Chrematistics money or oikonomia life

Since modern economics seems to be focused on financial and material wealth management it is instructive to learn that Aristotle, the third-century-BC Greek philosopher, made an important distinction between oikonomia eco-nomics and chrematistics.35 Chrematistics is a word rarely heard in today's economic or business discourse yet it should be because it comes from the Greek meaning the art of money-making, with the root chrema meaning money, riches or something useful. Ecological economist...