Love you: Public policy for intergenerational wellbeing
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How would we design, implement and evaluate public policy if it were based on our love for future generations? For the philosopher Walter Kaufman, 'I love you' means:
'I want you to live the life that you want to live. I will be as happy as you if you do; and as unhappy as you if you don't.'
We have no idea what future generations will value and how they will want to live. Nor do we wish to prescribe how they choose to live, so long as they do not prevent others from living the lives they value.
We want to prepare and look after the 'wellbeing garden' - the broader ecosystems - that will provide them with the opportunities and capacity to survive and thrive, to flourish in safety. As another philosopher, Walter Benjamin, put it, 'We want to liberate the future from its deformation in the present.'
Wellbeing is about the ability of individuals and communities to live the lives they value - now and in the future. This is their human right. It would be unjust to prevent the enjoyment of lives centred on chosen values. Preventing such injustice across generations should be the primary focus of a public policy that has intergenerational wellbeing as its objective.
This book examines the processes by which wellbeing-focused public policy objectives are established, prioritised, funded, implemented, managed, and evaluated, while ensuring that they remain relevant as social preferences change over time.
About the Author
Professor Girol Karacaoglu is the Head of the School of Government at Victoria University of Wellington. He arrived at Victoria University of Wellington from the New Zealand Treasury, where he was Chief Economist. Before this, he was Chief Executive of the Cooperative Bank of New Zealand for nine years. His academic fields of specialisation are in public policy, monetary and financial economics, international finance, econometrics, corporate accounting, and finance. Robert H. Wade is professor of global political economy at the London School of Economics. Son of a New Zealand diplomat, educated at Wellington College, Otago University, Victoria University, and Sussex University, he has worked at the Institute of Development Studies (Sussex University), the World Bank, Princeton University, MIT, and Brown University; and has done field work in Pitcairn Island, Italy, India, South Korea, Taiwan and inside the World Bank. His book Governing the market (1990, 2004) won the American Political Science Association's Best Book or Article in Political Economy, 1989-1991. He was awarded the Leontief Prize in Economics in 2008.