A few years ago, the New Economics Foundation declared 1976 to be the UK’s happiest year since the war but the think tank must have used a strange index because the diaries and letters of those who lived through it are soaked in the darkest pessimism. Sure enough, the New Economics Foundation prioritised income equality, resource depletion and ‘public sector investment’ as measures of well-being, but these were little valued in an era of stagflation, IRA atrocities and endless industrial action.
Read the full blog post hereSource: http://www.iea.org.uk/blog/was-1976-really-the-best-year-a-review-of-seasons-in-the-sun-by-dominic-sandbrook
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