First published on DaTechGuy Blog.
For the most part, I endorse Thomas Carlyle’s description of economics as the dismal science. I have to add the “most part” qualifier after meeting and working with an economist who with her husband – also an economist – has developed the Family Prosperity Index. Measures like gross domestic product have value, but fail in themselves to measure prosperity in all its dimensions. FPI brings together data on fiscal and social well-being.
What is authentic prosperity, in terms of families? Where’s the objective data to evaluate prosperity? How do public policies help or hurt families? Explore the Index for yourself, and see how Dr. Wendy Warcholik and J. Scott Moody demonstrate how economic and social policy affect each other and in turn affect families.
As Mr. Moody told me in a recent interview, “We need to take a longer perspective, not election to election, about problems [affecting families]. That’s something the Family Prosperity Index is trying to do: break that vicious cycle of jumping from election to election with policy, and instead put into place programs that are going to be there long term, that will actually make a difference.”
It was my good fortune to work for Dr. Warcholik a few years ago when she served as executive director of a New Hampshire nonprofit organization. Today, she and Mr. Moody are senior fellows at the American Conservative Union (ACU) Foundation, where they are working on their Family Prosperity Initiative. I met with them at CPAC 2017 to learn more about what they’re doing and to follow up on some recent research they’ve published about the opioid crisis in my home state of New Hampshire.