Table of Contents

Social Measures

1. Happiness Index

There should be an index that describes the state and ‘well-being’ of people within each political jurisdiction, especially within countries. Such a ‘happiness index’ could be used as a much more valid method of comparison between people in different political jurisdictions and countries than the single-issue measures commonly used today, such as per capita income, life expectancy, and others.

This index could be comprised by rating several factors such as political freedom, cost of living, crime rate, average health, material satisfaction, national and international security, and many other issues and areas concerning human happiness, satisfaction, or well being.


2. Unemployment Rate Calculations

The unemployment rate should be calculated by adding the products of two separate calculations.

First, the number of unemployed (people working less than 10 hours per week) should be calculated by dividing the total number of people seeking employment by the total adult population (ideally, age 20 and older, the age of majority). Next, underemployment should be calculated by dividing the total number of people seeking greater employment by the total population (both employed and unemployed) above the age of majority.

The total unemployment rate should be calculated by adding the unemployment rate to half the underemployment rate.


3. Economic Sum

There should be a measure of an economy that is calculated by adding absolutely every active economic activity that occurs in that economy. Things like the sale of goods and services, the sale of intermediate goods between businesses, garage sale activity, and absolutely all other active economic activities between any and all entities would all be added together. The resulting figure would be called the ‘economic sum’ of that economy.

Perhaps illegal activities like drug sales and prostitution could also be calculated and placed under a different subcategory (such as under the ‘black market’), but still added to the ‘economic sum’ because they are also active economic activities. Statistical sampling could probably be used to accurately determine the size of such unregulated economies.