The concept of Gross National Happiness was already mentioned in the section on economic value, as an attempt to define an indicator that measures quality of life in a more holistic way than its economic counterpart GDP. The term was coined by Bhutan’s former King Jigme Singye. Read more..
Monetarism an approach to economic policy focused on the control of the money supply which forms a key part of neoliberalism . In a de-regulated system, where banks and other institutions are much freer to lend money, the main, if not the only, way to do that is to use interest rates. Read more..