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Happiness Formulas - Subjective well-being: Institute of subjective ...

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6.2 What does it mean?<br />

Gross national happiness (GNH) was coined in 1972 by then Bhutan's<br />

King Jigme Singye Wangchuck. GNH is based on the premise that some<br />

forms <strong>of</strong> development are not measurable in monetary terms (a concept that<br />

is advanced by the nascent field <strong>of</strong> ecological economics) while<br />

conventional development models stress economic growth as the ultimate<br />

objective.<br />

6.3 Where are references and further information?<br />

http://www.grossnationalhappiness.com/<br />

www.iswb.org Page 22

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