Chapter 1 - Introduction and Context 4

1-1 Background ... about Peter Burgess 5

Peter Burgess ... training and experience

1-2 Context … The World We Live In 9

Extreme Complexity ... many interrelated elements 9

More understandable at the community level 9

Governments, multilaterals and others 10

1-3 Enabling Technology 203

1-3-1 Amazingly Powerful Technology

Computational power ... unproductive data 205

Amazingly Powerful Technology 204

1-3-2 Information Infrastructure 205

Internet ... WWW 206

Social networks 206

Mobile technology 206

The Cloud 207

And all sorts of other technologies 207

1-3-3 Using the Power of IT - Embracing Technology

Data acquisition ... user interaction

Low cost data acquisition and accessible data 207

Ubiquitous mobile technology infrastructure

Data Storage ... Data Access

Communications ... Data Transmission

Data validation ... reality checks 208

1-4 Pursuit of Happiness 12

Progress Is More Happiness 12

Different from the pursuit of wealth 12

Profit and GDP not good measures 12

Progress is NOT more and more and more 12

Happiness … Quality of Life 12

People have needs … and wants 12

More people, more need 12

Basic needs 13

Middle class quality of life 14

Luxury ... not needs at all 14

Poor and hungry 14

1-5 The Sustainable Society

What Version of Sustainable 16

TVM serves all versions 16

Sustainable … what does it mean? 16

A simple conceptual framework 16

The engineering metaphor 16

In the main ... finite resources 17

Where has wealth come from? 17

The origins are miraculous … sun and life! 17

What Are the Limits? 17

What are the limits on wealth? 17

Wealth … using money metrics is finite and quite limited 17

Quality of life does not need to be limited 17

More and more is not better and better 17

Less constraints when better quality of life is the goal 18

Sustainable progress 18

Sustainable dynamic of sustainable socio-economic progress 18

The virtuous cycle of sustainable development 19

Broad-based progress is possible 14

A focus on value will change the dynamic

1-6 Why True Value Metrics Is Needed? 20

Prevailing Metrics Insufficient 20

All about wealth

Need connection with real life 20

Prevailing metrics abundant but inadequate 20

Triple bottom line … a complete system 20

Meaningful Metrics 21

Not more metrics … better metrics 21

Good metrics are not free 21

But might cost less than prevailing metrics 21

1-7 What Impact? 22

What Impact Will TVM Have? 22

Huge! 22

With better metrics … better everything 22

What impact a paradigm shift? 23

Potential huge impact 24

Difficult to quantify 25

Community micro-up decision making 25

Removing constraints on possibilities 26