Institutional Experiment

Neighbourhood Human Flourishing Index for High Automation Economies

What if we created a new set of indicators to understand collective human capabilities as key neighbourhood resilience monitoring? Because measuring ‘hard’ factors like income and physical health aren’t enough to understand risk and potential in communities: in the era of hybrid machine-human intelligence, our critical human capabilities include creativity, courage, collaboration and compassion. We could develop and pilot new types of metrics and Key Performance Indicators for measuring cognitive surplus in the highly automated economy, helping us to expand our understanding of mental health as a critical human capability, deeply interwoven with economic and social outcomes.

Example

OECD Better Life Index

To address concerns that standard macroeconomic statistics like GDP failed to give a true account of people’s current and future well-being. The OECD Better Life Initiative includes two main elements: “Your Better Life Index” and “How’s Life?” Index allows you to compare well-being across countries, based on 11 topics the OECD has identified as essential, in the areas of material living conditions and quality of life.

www.oecdbetterlifeindex.org