Economics and Happiness: Framing the Analysis
This book is the first of its kind to provide a comprehensive overview of the burgeoning field of happiness and economics. The essays collected in this book provide an authoritative and comprehensive assessment of the theoretical, applied and partly experimental aspects of the whole field and discusses the economic, sociological, philosophical, and psychological contributions to the field. The book breaks new ground, particularly on the more recent directions of research on happiness, well-being, interpersonal relations and reciprocity. The meaning of happiness is thoroughly explored and the tension between various definitions is discussed. The volume opens with Richard Easterlin's own assessment of the main issues. Other authors include Robert H. Frank, Robert Sugden, Bruno S. Frey, Alois Stutzer, Richard Layard, Martha C. Nussbaum, Matt Matravers, Bernard M.S, van Praag, Oded Stark, You Q. Wang, Ruut Veenhoven, Charlotte Phelps, Stefano Zamagni, and Luigi Pasinetti.
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1 Building a Better Theory of WellBeing
2 Does Absolute Income Matter?
An Explanation of the Pleasure of Social Interaction
4 Testing Theories of Happiness
The Implications of Rivalry and Habit
6 Mill between Aristotle and Bentham
The Case of Nancy Mitford versus Evelyn Waugh
8 The Connection between Old and New Approaches to Financial Satisfaction
SteadyState Outcomes and Social Welfare
10 Happiness in Hardship
11 The Evolution of Caring
A Very Difficult Union
13 Paradoxes of Happiness in Economics
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achievement activities affiliation altruism analysis approach Aristotle assume attachment theory behavior Bentham Cambridge capability approach choice cohort concept consumption correlation cycle Daniel Kahneman Diener distribution domain Easterlin economic theory economists Ed Diener Effects t-ratio emotional empirical eudaimonia evaluation evidence example experience explain feelings financial satisfaction GSOEP happier hedonic adaptation hedonic treadmill household human hypothesis income aspirations increase indifference curves individual individual’s Kahneman less living marginal utility marital marriage married measure moral motive Nancy Mitford nations negative norm one’s ordered probit Oswald p-value paradoxes of happiness people’s percent person pleasure positive Praag preferences Psychology reciprocity regression relation relationship relative deprivation reported response sample scores self-reported setpoint significant Smith social interaction Society Stutzer subjective well-being survey Table tion treadmill unhappy University Press utility function variables Veenhoven welfare function York