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- DescriptionRevolutionary developments in ecomics are rare. The conservative bias of the field and its enshrined kwledge make it difficult to introduce new ideas t in line with received theory. Happiness research, however, has the potential to change ecomics substantially in the future. Its findings, which are gradually being taken into account in standard ecomics, 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 n-material values as automy and social relations; and policy consequences of these new insights that suggest different ways for government to affect individual well-being. In Happiness, emphasizing empirical evidence rather than theoretical conjectures, Bru Frey substantiates these three revolutionary claims for happiness research. After tracing the major developments of happiness research in ecomics and demonstrating that we have gained important new insights into how income, unemployment, inflation, and income demonstration affect well-being, Frey examines such wide-ranging topics as democracy and federalism, self-employment and volunteer work, marriage, terrorism, and watching television from the new perspective of happiness research. Turning to policy implications, Frey describes how government can provide the conditions for people to achieve well-being, arguing that a crucial role is played by adequate political institutions and decentralized decision making. Happiness demonstrates the achievements of the ecomic happiness revolution and points the way to future research.
- Author BiographyBurno S. Frey is Professor of Economics at the University of Zurich, Distinguished Professor of Behavioural Science at Warwick Business School, University of Warwick, and Research Director of CREMA (the Center for Research in Economics, Management, and the Arts).
- Author(s)Bruno S. Frey
- PublisherMIT Press Ltd
- Date of Publication03/09/2010
- SubjectEconomics: Professional & General
- Series TitleMunich Lectures in Economics
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content NoteIllustrations
- Weight363 g
- Width152 mm
- Height229 mm
- Spine12 mm
- Format DetailsTrade paperback (US)
- Interest AgeFrom 18
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