Abstract

Over the past decades, markets have conventionally been seen as the best instrument to stimulate economic growth and enhance prosperity and well-being. The automatic link between markets and economic growth is increasingly questioned, however, as well as the automatic link between economic growth and enhancement of well-being. This has led to attempts to capture well-being development more directly than through GDP per capita figures and has produced a more variegated picture of well-being growth. Also, this has led to a shift of focus to other coordination systems than the market, as primarily the state but increasingly also the association. Analyses of the historical record suggest that especially the latter could be a vital component in future well-being.