Professor Paul Dalziel on changing the focus of economies from growth to wellbeing

Paul Dalziel talks to Alex Martin about the true purpose of economics and the lessons we can draw from the 2019 New Zealand wellbeing budget

In 1933, Professor Paul Dalziel’s grandfather lost his job at the height of the Great Depression. He and Dalziel’s grandmother had just married and found out that they were expecting their first child; they were to remain without income for six years.

The impact of such a struggle passes through the generations. For Dalziel, fresh out of school in the late 1970s, it sparked a question that he was to spend the next 50 years trying to answer: “How is it that systems break down so that people are unable to create good lives for themselves?”

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