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Prosperity is the state of flourishing, thriving, success, or good forture.
Prosperity often encompasses wealth but also includes others factors which are independent of wealth to varying degrees, such as happiness and health.
omic notions of prosperity often compete or interact negatively with health, happiness, or spiritual notions of prosperity.
Discussion
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Quotations
He that swells in prosperity will be sure to shrink in adversity.
Prosperity demands of us more prudence and moderation than adversity.
Prosperity is the touchstone of virtue; for it is less difficult to bear misfortunes than to remain uncorrupted by pleasure.
Prosperity makes some friends and many enemies.
Prosperity seems to be scarcely safe, unless it be mixed with a little adversity.
Take care to be an economist in prosperity: there is no fear of your being one in adversity.
Encyclopedia
Prosperity is the state of flourishing, thriving, success, or good forture.
Prosperity often encompasses wealth but also includes others factors which are independent of wealth to varying degrees, such as happiness and health.
Competing notions of prosperity
Economic notions of prosperity often compete or interact negatively with health, happiness, or spiritual notions of prosperity. For example, longer hours of work might result in an increase in certain measures of economic prosperity, but at the expense of driving people away from their preferences for shorter work hours. In Buddhism, prosperity is viewed with an emphasis on collectivism and spirituality. This perspective can be at odds with capitalistic notions of prosperity, due to their association with greed. Data from social surveys show that an increase in income does not result in a lasting increase in happiness; one proposed explanation to this is due to hedonic adaptation and social comparison, and a failure to anticipate these factors, resulting in people not allocating enough energy to non-financial goals such as family life and health.
Debate over economic growth
Economic growth is often seen as essential for economic prosperity, and indeed is one of the factors that is used as a measure of prosperity. The Rocky Mountain Institute has put forth an alternative viewpoint, that prosperity does not require growth, claiming instead that many of the problems facing communities are actually a result of growth, and that sustainable development requires abandoning the idea that growth is required for prosperity. The debate over whether economic growth is necessary for, or at odds with, human prosperity, has been active at least since the publication of Our Common Future in 1987, and has been pointed to as reflecting two opposing worldviews.
Synergistic notions of prosperity
Many distinct notions of prosperity, such as economic prosperity, health, and happiness, are correlated or even have causal effects on each other. Economic prosperity and health are well-established to have a positive correlation, but the extent to which health has a causal effect on economic prosperity is controversial. There is evidence that happiness is a cause of good health, both directly through influencing behavior and the immune system, and indirectly through social relationships, work, and other factors. One study which advances a holistic definition of prosperity is the Legatum Prosperity Index. It defines "prosperity" to include both economic growth and quality of life, and assesses 22 different indicators in 104 countries as components of prosperity.
Ecological perspectives
In ecology, prosperity can refer to the extent to which a species flourishes under certain circumstances.
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