Economics and Happiness: Framing the Analysis
The set of papers collected in this volume aims to provide an overview of happiness studies to date, with a special emphasis on its relationship with economic thought. This volume discusses the state of the art and the main strands and contributions to the "economics of happiness", as a sub-discipline related to political economy. However, the main thrust of the volume is in focuses on the relationship between happiness studies and economics. Moreover, this volume makes a specific contribution in highlighting the comparative role and influence in the subjectivist approach vis-a-vis the objectivist approach to human happiness in the current literature in the field.
The ambition of this book is to present the reader with a conceptual framework for a critical understanding of happiness studies and its relationship with economics. While the economic perspective is central, the focus here is on economics and happiness rather than the economics of happiness.
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Building a Better Theory of WellBeing
Does Absolute Income Matter?
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achievement afﬁliation altruism analysis approach Aristotle attachment theory behavior beneﬁts Cambridge capability approach choice coefﬁcient cohort concept consumption cycle Daniel Kahneman deﬁned Diener distribution domain Easterlin Economic Ioumal economic theory economists Effects t-ratio emotional empirical eudaimonia evaluation evidence example experience explain feelings ﬁnancial satisfaction ﬁnd ﬁndings ﬁrst GSOEP happier hedonic adaptation hedonic treadmill household human hypothesis income aspirations increase indifference curves individual inﬂuence Ioumal of Economic Kahneman less living marginal utility marital marriage married measures moral motive nations negative ordered probit Oswald p-value paradoxes of happiness people's percent person pleasure positive Praag preferences Psychology reciprocity reﬂects regression relation relationship relative deprivation reported response sample satisﬁed scores self-reported setpoint signiﬁcant signiﬁcantly Smith social interaction Society speciﬁc Stutzer subjective well-being survey Table tion University Press utility function variables Veenhoven welfare function York