A society, fuelled by trust and cooperation, should rank highly on life satisfaction and happiness. Traditional measures of well-being, however, largely overlook these factors, and rely mostly on economic data. In the paper, “The well-being of nations: linking together trust, cooperation and democracy”, William Tov, a social science professor at Singapore Management University (SMU), discusses the social implications of well-being for individuals and society at large.
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Beyond economic data: softer, subjective indicators of a nation’s well-being. (2009). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/201