In the Balance - Measuring prosperity
What is it besides the money in people's pockets that makes a society prosperous? Plus Justin Rowlatt and his guests discuss the value of thought to an economy.
What makes a society prosperous? The obvious answer is wealth but we'll be discovering that there's more to it than just money, prosperity is also about security, health and well-being. And, what's in a thought? Surely in a knowledge economy more than a just penny? Can you measure its value to an economy? Justin Rowlatt's guests are Will Hutton who chairs the economic research centre, the Big Innovation Centre, and is Principal of Hertford College, Oxford; Bhaskar Chakravorti, Senior Associate Dean for International Business and Finance at Tufts University in Boston; and Jeff Gedmin, President of the Legatum Institute, a think tank based in London.