An essay discussing the link between education and economic well being

Select Page Education Essay Education is the systematic process of improving learning, knowledge, skill and understanding about anything at school, college, university or other educational institutes which gives us an enlightening experience.

An essay discussing the link between education and economic well being

Understanding Human Happiness and Well-Being An Age-Old Challenge Understanding the determinants of human happiness and well-being is important in the quest for ecological sustainability and social justicebecause it helps us decide how to best use the limited material throughput available, and identify what other, non-material factors are important.

Philosophers, theologians and social thinkers have wrestled with these questions for centuries. Their conclusions vary in detail but all agree that both material and non-material factors are important. New Data from Social Scientists More recently various social scientists have researched human happiness around the world.

One of the most common conclusions is that money or financial wealth is not the most important determinant. The support of family, friends and community, a meaningful role in life, and basic freedoms are much more important at all levels of wealth beyond this range.

Beyond this level, GDP increases do not lead to more personal happiness. In every country studied, reports of personal happiness level off after GDP continues to grow. Even five-fold increases in GDP, as occurred in Japan over the 20th century, do not lead to increases in personal happiness.

The happiness that can be derived from material goods appears to have psychosocial limits, just as there are biophysical limits to the services ecosystems can provide. This relationship holds for both men and women, across age groups, and income levels.

This relationship has endured over the decades that such research has been conducted. It also supports the earlier observations of thinkers and philosophers, and is consistent with the intensely social character of human nature.

Consumption and Objective Indices of Well-Being Another way of demonstrating this disconnect between material consumption and well-being is to consider the role of per capita energy consumption as it relates to various objective indicators.

Energy use is a good index of general consumption as all consumption involves the use of energy. Infant mortality and female life-expectancy at birth are two of the best composite indices of well-being, integrating complex interactions among nutrition, health care and environmental exposure over an extended period.

Beyond this level there are no further gains in well-being. Personal Costs of Materialism Not only is a high level of material consumption unnecessary for happiness and well-being, but too much can actually be personally harmful.

A strong orientation to materialism is associated with a variety of psychological and physical health problems3. Studies from many different nations, involving preschoolers to the elderly and both genders, show that placing a high value on financial wealth and material goods, regardless of income levels, is associated with higher levels of anxiety, depression, and low life satisfaction.

Individuals with a strong materialistic orientation are more likely to be insecure, engage in antisocial behavior, have personality disorders, and experience difficulties in intimate relationships.

Materialistic values detract from personal happiness and well-being by reinforcing feelings of insecurity.


Whatever positive feelings occur from material acquisitions are generally short lived, and require more acquisitions to reinstate the positive feeling. This creates an acquisition treadmill, characterized by unhappiness and insecurity which stimulates more acquisitions and subsequent insecurities.

In the process, the kinds of interpersonal relationships that contribute to an enduring sense of well-being are neglected. Less empathy and intimacy are experienced, affecting others, including the children of those with high materialistic orientations. It is hypothesized that unmet security needs in childhood give rise to strong materialistic orientations, which are then passed on to the next generation.

Economic Theory Misjudges Basis of Human Well-Being Mainstream economic theory is at variance with the disconnect between materialism and personal happiness.

It assumes people are insatiably acquisitive, and that the greatest social good comes from individuals freely making market decisions in their personal best interests.

Mainstream economic theory views people as highly individualistic, and the expression of this individualism in the market as the most certain and efficient way to achieving the greatest good for the greatest number.

Mainstream economists have argued that considerations for others, or sharing of resources is actually counterproductive to market solutions to environmental degradation or social inequities.

Anything that interferes with market operations — limits, regulations, quotas or notions of justice or altruism — are seen as distorting the market, and thereby reducing the wealth of the community.

This view of a single dominant human need is overly simplistic in terms of the complex range and interdependence of needs identified by many researchers and thinkers4,5. It totally ignores the social component of satisfying human needs, and overlooks the personal and social benefits of ethical decisions and behaviors.

It fails to recognize the non-material determinants of personal happiness, and the non-market factors which determine well-being. A great many ecosystem services upon which we depend for our survival are non-market services, and by their very nature always will be. In addition, many of the factors that determine our happiness and well-being are not part of the market, and never can be.

An essay discussing the link between education and economic well being

The view of self-interest as the driver of the common good overlooks the benefits derived from a range of public goods, from a money system and sewers, to health care and education. It fails to recognize that in some circumstances individual preferences are in conflict with social goods5 see Economics For Communityand that mechanisms other than the market are required to ensure personal happiness and well-being.

Role of Social Comparisons We are inherently social creatures and our sense of self-worth and happiness derives in part from comparing our self with others. Consequently, if there are considerable differences in wealth and income in a society, then there are also likely to be higher levels of dissatisfaction.

Wealth and income are typically concentrated in a small proportion of the community, leaving the majority of people dissatisfied by comparison.Comparisons of Trends in GDP and Economic Well-being – the Impact of Social Capital2 1. Introduction nature of the link between GDP and economic well-being.

However, there is good reason A fuller discussion of the rationale for . as indirect as well as direct associations among the diverse kinds of education and learning and the diverse features of a happy or good life, then the answers to the basic questions are more complicated and for that reason, less well-known.

1 Comparisons of Trends in GDP and Economic Well-being - the Impact of Social Capital Lars Osberg Andrew Sharpe1 Abstract This paper discusses the connection between social capital and trends in economic.

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Understanding Human Happiness and Well Being Solidifying decisional commitment and integrity The logic is simple: Motivation People being motivated and willfully making useful contributions they genuinely feel will benefit the company rests upon the acceptance of whether the process of decision-making is deemed as fair.
Commitment to Privacy - Virginia Commonwealth University By Warren Davies Published:
Relationship Between Education and Economics - Blog | Ultius Sentence 2- State which one is better or more important Practice Here is a sample answer but I have mixed up the sentences. Can you match the sentences below to the structure above?
Nation-Level Comparisons Read this article to learn about relationship between education and society!

found a significant positive relation between education and economic growth only for the countries with the lowest level of education. Lower level of education contributes significantly to economic growth even more than at higher level of education, whereas higher level of education tends to suppress the rate of growth.

GDP and Indicators of Economic Wellbeing Sound Byte quality of their education, or the joy of their play. It does not include the beauty Nations score well when they achieve high levels of satisfaction and health while .

An essay discussing the link between education and economic well being

Economics Q & A - 1) The current recession is the longest since the Great Depression in the 's. We are still far from a recovery with unemployment at about % .

Understanding Human Happiness and Well Being