What factors determine the well-being of an individual or nation and why gross domestic product is an inadequate measure of prosperity. Topics covered include: Evidence many Americans are poorer than before the Great Recession.Why life expectancy in the U.S. is falling.How satisifiedare U.S. citizens.What is GDP and why is the U.S. Bureau of Economics developing a new methodologyWhat are the flaws with GDP and why does it fall short in measuring well-being.Which countries around the world are the most and least happy and what are the factors that contribute to that happiness.Why were U.S. founding fathers worried about too many luxuries.How the U.S. in the 19th century followed the same manufacturing model that China does today.Thanks to Policygenius and LinkedIn for sponsoring the episode. For show notes and more information on this episode click here. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How is it the global economy still functions even though most individuals do not trust brands, public institutions or each other. Topics covered in this episode include: The low level of interpersonal trust around the worldWhat is social capital and how it facilitates a trust economy.What are the incentives that encourage individuals and businesses to produce goods and services rather than steal from each other.How does trust impact economic growth.Does traveling harm or help local residents. Thanks to Masterworks and LinkedIn for sponsoring the episode. For show notes and more information on this episode click here. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.