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This study contributes to the debate on the development of aggregate metrics of societal progress. Summarising societal progress into a single number poses various methodological challenges, including the choice of indicators, normalisation, weighting and aggregation. This paper addresses the issue of aggregation in the case of metrics of well-being and uses as a case study the European Union regional Social Progress Index—EU-SPI—published by the European Commission. The index is an aggregate measure of 55 social and environmental indicators observed for all the European regions grouped into 12 components. In metrics of this type, while complete substitutability among components is rarely acceptable, controlling their level of substitutability is highly desirable. To this aim, we adopt a modified version of the unbalance penalisation approach originally proposed by Casadio Tarabusi and Guarini (Soc Indic Res 112:9–45, 2013). A penalisation is applied to the regions whose performance across the index components is unbalanced, that is when they perform well on some components but worse on others. The penalisation applied by this approach depends on two parameters that, in its original formulation, are generally arbitrarily chosen. We design a data-driven approach allowing for an informed choice of the penalisation parameters. The comparison between the EU-SPI original and penalised scores shows that the penalisation effect is particularly evident for regions with a strongly unbalanced profile across the components. The proposed method allows for adjusting the level of substitutability between components when constructing an aggregate metric, an important functionality especially when measuring societal progress for policy-making.

\"A noted Dutch journalist and economist proposes an outline for a new worldwide Utopia, with central tenets including a shortened work week, a guaranteed basic income for all, wealth redistribution, and open borders everywhere\"-- NoveList.

In this paper we show that for a dataset of 105 countries, four candidate objective indexes (Human Development Index (HDI), Weighted Index of Social Progress (WISP), Social Progress Index (SPI) and Sustainable Society Index (SSI)) and one subjective index (World Happiness Survey (WHS)) of at least aspects of the quality of life or human well-being have good convergent validity among themselves and expected statistically significant negative correlations with Gini measures of wealth and income, and a measure of political jurisdictions’ institutionalized financial secrecy (Financial Secrecy Scores (FSS)). A measure of offshore wealth as a fraction of GDP (FOW) showed only a couple significant correlations with one overall quality of life index (SSI). When we combined the four objective indexes to the subjective index to create overall measures of the quality of life (including Happy Life Years (HLY)), the correlations among the indexes increased. Most of the correlations increased again when we used Gini indexes to create wealth-equality overall quality of life indexes and these correlations were higher on average than those among income-equality overall quality of life indexes. Combining results using 21 quality of life/well-being indexes, we rank ordered 105 countries from best to worst. The top 10 in order were Switzerland, Norway, Iceland, Australia, Finland, Netherlands, Slovakia, Belgium, Sweden and Denmark. This is the first time anyone has built the array of index options presented here based on a handful of originals. We offer them as another potential starting point for the next generation of researchers.

PurposeSocial development is the ultimate goal of every nation, and climate change is a major stumbling block. Climate Risk Index has documented several climate change events with their devastations in terms of lives lost and economic cost. This study aims to link the climate change and renewable energy with the social progress of extreme climate affected countries.Design/methodology/approachThis research used the top 50 most climate-affected countries of the decade and estimated the impact of climate risk on social progress with moderation effects of renewable energy and technology. Several competing panel data models such as quantile regression, bootstrap quantile regression and feasible generalized least square are used to generate robust estimates.FindingsThe results confirm that climate hazards obstruct socioeconomic progress, but renewable energy and technology can help to mitigate the repercussion. Moreover, improved institutions enhance the social progress of nations.Research limitations/implicationsGovernment should improve the institutional quality that enhances their performance in terms of Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law and Control of Corruption to increase social progress. In addition, society should use renewable energy instead of fossil fuels to avoid environmental degradation and health hazards. Innovation and technology also play an important role in social progress and living standards, so there should be free hand to private business research and development, encouraging research institutes and universities to come forward for innovation and research.Practical implicationsThe ultimate goal of all human struggle is to have progress that facilitates human beings to uplift their living standard. One of the best measures that can tell us about a nation’s progress is Social Progress Index (SPI), and one of many factors that can abruptly change it is the climate; so this study is an attempt to link the relationship among these variables and also discuss the situation where the impact of climate can be reduced.Social implicationsAlthough social progress is an important concept of today’s economics discussion, relatively few studies are using the SPI to measure social well-being. Similarly, there is consensus about the impact of climate on people, government and crops but relatively less study about its overall impact on social progress, so this study attempts to fill the gap about the relationship between social progress and climate change.Originality/valueThe main contribution of this study is the solution for the impact of climate risk. Climate risk is not in human control, and we cannot eliminate it, but we can reduce the negative impacts of climate change. Moderator impact of renewable energy decreases the negative impact of climate change, so there is a need to use more renewable energy to mitigate the bad consequences of climate on social progress. Another moderator is technology; using technology will also mitigate the negative consequences of the climate, so there is a need to facilitate technological advancement.

Measuring multidimensional social progress in the European Union (EU) is a challenging task but important for addressing strengths and weaknesses in the non-economic dimensions of social development that complement other progress indicators. The aim of this study is to present a review on measuring social progress (including a holistic approach and different levels of observation) and to investigate the differences in social progress within the EU, with an emphasis on the disparities between the regions of old and new EU member states. Descriptive statistics and the Mann–Whitney test were used to summarize and compare the main results, as well as to identify significant differences between the mentioned groups. The best results in social progress are driven by strong performances across various dimensions and components of the European regional Social Progress Index. Regions of the old EU member states perform better, but significant variability is determined in different components and dimensions of social progress across regions in both old and new EU member states. The importance of the opportunity dimension is confirmed in explaining the differences in social progress. Given that new EU member states try to converge with old EU member states, and considering that inclusive growth and social cohesion are among the goals of EU cohesion policy, investigating the factors behind the differences in social progress can provide valuable insights for policymaking and investment decisions.

\"Extreme heat, fires, floods, and storms are transforming our planet. Yet instead of serious responses from world leaders, we get increasing emissions, divisive politics, and ersatz solutions that offer more of the same: more capitalism, more complexity, more \"progress.\" The impasse we face is not only political and institutional, but cognitive, existential, and narrative. We're incapable of grasping the scale, speed, and impact of global warming. Our brains can't make sense of how radically our world is changing. And we optimistically cling to a civilizational narrative that promises a better tomorrow if we just keep doing what we're doing. It's well past time, Roy Scranton argues, to free ourselves from our dangerous and dogmatic faith in progress. Such unwarranted optimism will only accelerate our collective disintegration. If we want to have any hope at all for the future, it must be grounded in a recognition of human limits-a view Scranton calls ethical pessimism. Drawing from psychology, philosophy, history, and politics, as well as film, literature, and personal experience, Scranton describes the challenges we face in making sense of our predicament, from problems in communication to questions of justice, from the inherent biases in human perception to the difficulties of empirical knowledge. What emerges is a challenging but ultimately hopeful proposition: if we have the courage to accept our limits, we may find a way to embrace our unknowable future\"-- Provided by publisher.

Using the institutional approach, this paper examines the influence of social progress orientation on innovative entrepreneurship from an international perspective. Using a multiple linear regression model with cross-sectional information from the Global Entrepreneurship Monitor, the Indices of Social Development, the World Values Survey, the Hofstede Centre, the United Nations Development Programme and World Development Indicators, we find that social progress orientation dimensions such as voluntary spirit, survival vs. self-expression values and power distance were related to entrepreneurial activity. More specifically, the main findings demonstrate that high voluntary spirit had a positive and statistically significant impact on innovative early-stage entrepreneurial activity (TEA). In addition, necessity-driven TEA is highly discouraged in those societies with high voluntary spirit and self-expression values, whereas larger power distance increased the entrepreneurial activity driven by necessity. Based on these results, this study advances the literature by introducing and analyzing the concept of social progress orientation, by examining the factors that influence innovative entrepreneurial activity in light of an institutional approach. Also, this research could be useful for designing policies to foster entrepreneurial activity in different national and regional environments.