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- DescriptionCan money buy happiness? Is income a reliable measure for life satisfaction? In the West after World War II, happiness seemed inextricably connected to prosperity. Beginning in the 1960s, however, other values began to gain ground: peace, political participation, civil rights, environmentalism. Happiness ecomics -- a somewhat incongruous-sounding branch of what has been called the dismal science -- has taken up the puzzle of what makes people happy, conducting elaborate surveys in which people are asked to quantify their satisfaction with life in general. In this book, three ecomists explore the happiness-prosperity connection, investigating how ecomists measure life satisfaction and well-being. The authors examine the evolution of happiness research, considering the famous Easterlin Paradox, which found that people's average life satisfaction didn't seem to depend on their income. But they question whether happiness research can measure what needs to be measured. They argue that we should t assess people's well-being on a happiness scale, because that necessarily obscures true social progress. Instead, rising income should be understood as increasing opportunities and alleviating scarcity. Ecomic growth helps societies to sustain freedom and to finance social welfare programs. In this respect, high income may t buy happiness with life in general, but it gives individuals the opportunity to be healthier, better educated, better clothed, and better fed, to live longer, and to live well.
- Author BiographyJoachim Weimann is Full Professor of Economic Policy at Otto von Geuricke University Magdeburg, and head of MaXlLab, the Magdeburg Laboratory for Experimental Economics. Andreas Knabe is Full Professor and Chair of Public Economics at Otto von Geuricke University Magdeburg. Ronnie Schob is Full Professor of International Public Economies at the School of Business and Economics, Freie Universitat, Berlin.
- Author(s)Andreas Knabe,Joachim Weimann,Ronnie Schob
- PublisherMIT Press Ltd
- Date of Publication06/09/2016
- LanguageEnglish & German
- SubjectCareers & Success
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content Note9 figures, 2 tables
- Weight272 g
- Width152 mm
- Height229 mm
- Spine14 mm
- Format DetailsTrade paperback (US)
- Interest AgeFrom 18
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