The article by Katharina Lima de Miranda and Dennis Snower seeks to resolve a challenge of central importance in the light of the social fragmentation of most national societies—advanced and emerging, developing and least-developed economies—exacerbated by inter-state stresses that reflect a looming crisis in the rules-based international order. As these stresses will be increased by the societal transformation inherent in the “fourth industrial revolution,”1 which will radically disrupt present patterns of employment and education, raise epistemological and ontological questions of central importance to human identity and society, and redefine core principles of moral philosophy,2 it is necessary to address this challenge. The authors deserve great credit for tackling it but might have benefited from a closer examination of the work of their predecessors.

There is a large literature on measuring well-being. Different indexes have...

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