The wealth of nations implies some sort of political arithmetic – the
calculation either of an immense sum or of some descriptive ratio, a
distribution or per capita allotment. Adam Smith referred to "the
distribution of the necessities of life." Benjamin Franklin pondered a
four-hour working day that had been "computed by some political
arithmetician." Thomas Jefferson's friend, the Marquis de Chastellux
proposed a formula for ascertaining public happiness, which Jefferson
summed up as a cautionary tale: "If we can prevent government from
wasting the labors of the people under the pretence of taking care of
them, they must become happy."

Would an alternative vision of the good society evince a similar
fascination with numbers? I will argue here that it must, if only out
of strategic and transitional necessity. The outline of the kind of
reckoning required was already implied in Chastellux's and Franklin's
speculations and has been a recurrent, if dissident and subterranean,
theme in political economy since the earliest days. Even Adam Smith
somewhat ambivalently upheld "ease of body and peace of mind" as "what
constitutes the real happiness of human life."

But how does one measure ease of body and peace of mind? We will get
to the question of how presently, but first I would like to explain
why it is crucial to calculate it, not merely to exalt it...

http://ecologicalheadstand.blogspot.com/p/time-on-ledger-social-accounting-for.html

-- 
Sandwichman
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