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Economics/Finances Happiness: A Revolution in Economics (Munich Lectures)

Posted on 2010-03-16




Name:Economics/Finances Happiness: A Revolution in Economics (Munich Lectures)
ASIN/ISBN:0262062771
Language:English
File size:1.2 Mb
Publish Date: June 30, 2008
Language: English
ISBN: 0262062771
File Type: PDF
File Size: 1.2 Mb
Other Info: The MIT Press; 240 Pgs
   Economics/Finances Happiness: A Revolution in Economics (Munich Lectures)

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Happiness: A Revolution in Economics (Munich Lectures)

Revolutionary developments in economics are rare. The conservative bias of the field and its enshrined knowledge make it difficult to introduce new ideas not in line with received theory. Happiness research, however, has the potential to change economics substantially. Its findings, which are gradually being taken into account in standard economics, can be considered revolutionary in three respects: the measurement of experienced utility using psychologists' tools for measuring subjective well-being, new insights into how human beings value goods and services and social conditions that include consideration of such non-material values as autonomy and social relations, and policy consequences of these new insights that suggest different ways for government to affect individual well-being. In Happiness, Bruno Frey, emphasizing empirical evidence rather than theoretical conjectures, substantiates these three revolutionary claims for happiness research.

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