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On The Foundations Of Happiness In Economics
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Book Synopsis Fundamentals of Happiness by : Lall Ramrattan
Download or read book Fundamentals of Happiness written by Lall Ramrattan and published by Edward Elgar Publishing. This book was released on 2021-03-26 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the fundamental thinking underpinning the foundation for economic studies of happiness, this book explores the theories of key economists and philosophers from the Greek philosophers to more modern schools of thought. Lall Ramrattan and Michael Szenberg explore the general measures of happiness, utility as a method, metrical measures of happiness, happiness in literature and the scope of happiness in this concise book.
Book Synopsis On the Foundations of Happiness in Economics by : Maurizio Pugno
Download or read book On the Foundations of Happiness in Economics written by Maurizio Pugno and published by Routledge. This book was released on 2016-05-20 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth has extraordinarily increased the availability of market goods to satisfy people’s need for comfort, but at the same time it has also raised great challenges to their working and family life. Will people learn the skill necessary to cope with these challenges and draw full enjoyment from economic growth? On the Foundations of Happiness in Economics explores this question by examining the work of Tibor Scitovsky, author of The Joyless Economy. Given the recent rise of behavioural economics and happiness economics, this book aims to show how far ahead of his time Scitovsky was in his work on individual welfare (or wellbeing). It traces the evolution of Scitovsky’s original thought, arguing that he has been frequently misunderstood, before undertaking formal analysis in order to demonstrate how far his work anticipated or even went beyond the recent advances in economics. This volume also explores Scitovsky’s work in the context of Keynes’ work on wellbeing, offering a new perspective on welfare in the history of economic thought. Other issues discussed in this text regard creativity and social skills, hedonism and eudaimonia, parenting and education, addiction, work/leisure balance, policies for happiness, paternalism, and the quality of economic growth. This book addresses a variety of readers, such as those interested in the history of economics, as well as students and researchers concerned with the economic theory of well-being.
Book Synopsis Economics of Happiness by : Bruno S. Frey
Download or read book Economics of Happiness written by Bruno S. Frey and published by Springer. This book was released on 2018-02-26 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on what makes people happy. The author explains methods for measuring subjective life satisfaction and well-being by discussing economic and sociodemographic factors, as well as the psychological, cultural and political dimensions of personal happiness. Does higher income increase happiness? Are people in rich countries, such as the United States, the United Kingdom and Scandinavian countries, happier than those living elsewhere? Does losing one’s job make one unhappy? What is the role of genetic endowments inherited from our parents? How important are physical and emotional health to subjective life satisfaction? Do older people tend to be happier, or younger people? Are close social relationships necessary for happiness? Do political conditions, such as respect for human rights, democracy and autonomy, play a part? How can governments contribute to the population’s happiness? This book answers these questions on the basis of extensive interdisciplinary research reflecting the current state of knowledge. The book will appeal to anyone interested in learning more about the various dimensions of personal well-being beyond the happiness-prosperity connection, as well as to policymakers looking for guidance on how to improve happiness in societies.
Book Synopsis A Modern Guide to the Economics of Happiness by : Luigino Bruni
Download or read book A Modern Guide to the Economics of Happiness written by Luigino Bruni and published by Edward Elgar Publishing. This book was released on 2021-01-29 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.
Download or read book Well-Being written by Daniel Kahneman and published by Russell Sage Foundation. This book was released on 1999-07-08 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nature of well-being is one of the most enduring and elusive subjects of human inquiry. Well-Being draws upon the latest scientific research to transform our understanding of this ancient question. With contributions from leading authorities in psychology, social psychology, and neuroscience, this volume presents the definitive account of current scientific efforts to understand human pleasure and pain, contentment and despair. The distinguished contributors to this volume combine a rigorous analysis of human sensations, emotions, and moods with a broad assessment of the many factors, from heredity to nationality, that bear on our well-being. Using the tools of experimental science, the contributors confront the puzzles of human likes and dislikes. Why do we grow accustomed and desensitized to changes in our lives, both good and bad? Does our happiness reflect the circumstances of our lives or is it determined by our temperament and personality? Why do humans acquire tastes for sensations that are initially painful or unpleasant? By examining the roots of our everyday likes and dislikes, the book also sheds light on some of the more extreme examples of attraction and aversion, such as addiction and depression. Among its wide ranging inquiries, Well-Being examines systematic differences in moods and behaviors between genders, explaining why women suffer higher rates of depression and anxiety than men, but are also more inclined to express positive emotions. The book also makes international comparisons, finding that some countries' populations report higher levels of happiness than others. The contributors deploy an array of methods, from the surveys and questionnaires of social science to psychological and physiological experiments, to develop a comprehensive new approach to the study of well-being. They show how the sensory pleasures of the body can tells us something about the higher pleasures of the mind and even how the effectiveness of our immune system can depend upon the health of our social relationships.
Book Synopsis Happiness Economics by : Bernard M. S. van Praag
Download or read book Happiness Economics written by Bernard M. S. van Praag and published by Now Publishers Inc. This book was released on 2011 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: HAPPINESS ECONOMICS deals with the concept of happiness in economics. Most economists until recently were very suspicious about happiness economics and the common opinion was that happiness is not empirically measurable. Actually there is now a growing body of serious economists who are willing, either reluctantly or wholeheartedly, to include happiness economics as a part of economic science. For a better understanding of happiness economics, the authors examine the viewpoint of mainstream economics in the introduction. Section 2 starts by considering the methods of analysis in happiness economics. Section 3 considers life satisfaction (or happiness), section 4 considers domain satisfactions, section 5 returns to the ordinality-cardinality question, and Section 6 provides the link between domain satisfactions and satisfaction with life as a whole. Section 7 considers the work of the Leyden school that may be seen as a forerunner of modern happiness economics. Section 8 considers the effect of the individual's reference group on her or his happiness. Section 9 examines the influence of past events and the anticipated future on present life satisfaction. Section 10 deals with the effect of climate and more generally of the external environment on satisfaction. Section 11 considers the effect of inequality on individual happiness and considers happiness inequality per se. Section 12 considers how the vignette approach, so popular in marketing, can be applied in happiness economics. Section 13 delineates the significance of happiness economics for normative economics. And Section 14 draws some conclusions and discusses the relevance of the new findings for economic science and the social sciences in general.
Book Synopsis Happiness, Growth, and the Life Cycle by : Richard A. Easterlin
Download or read book Happiness, Growth, and the Life Cycle written by Richard A. Easterlin and published by OUP Oxford. This book was released on 2010-11-25 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second in a series of books published with the IZA and honoring the work of its annual prize winners in labour economics. It presents Richard Easterlin's outstanding research on the analysis of subjective well-being, and on the relationship between demographic developments and economic outcomes.
Book Synopsis Subjective Economic Welfare by : Martin Ravallion
Download or read book Subjective Economic Welfare written by Martin Ravallion and published by World Bank Publications. This book was released on 1999 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: April 1999 - As conventionally measured, current household income relative to a poverty line can only partially explain how Russian adults perceive their economic welfare. Other factors include past incomes, individual incomes, household consumption, current unemployment, risk of unemployment, health status, education, and relative income in the area of residence. Paradoxically, when economists analyze a policy's impact on welfare they typically assume that people are the best judges of their own welfare, yet resist directly asking them if they are better off. Early ideas of utility were explicitly subjective, but modern economists generally ignore people's expressed views about their own welfare. Even using a broad set of conventional socioeconomic data may not reflect well people's subjective perceptions of their poverty. Ravallion and Lokshin examine the determinants of subjective economic welfare in Russia, including its relationship to conventional objective indicators. For data on subjective perceptions, they use survey responses in which respondents rate their level of welfare from poor to rich on a nine-point ladder. As an objective indicator of economic welfare, they use the most common poverty indicator in Russia today, in which household incomes are deflated by household-specific poverty lines. They find that Russian adults with higher family income per equivalent adult are less likely to place themselves on the lowest rungs of the subjective ladder and more likely to put themselves on the upper rungs. But current household income does not explain well self-reported assessments of whether someone is poor or rich. Expanding the set of variables to include incomes at different dates, expenditures, educational attainment, health status, employment, and average income in the area of residence doubles explanatory power. Healthier and better educated adults with jobs perceive themselves to be better off, controlling for income. The unemployed view their welfare as lower, even with full income replacement. Individual income matters independent of per capita household income. Relative income also matters. Living in a richer area lowers perceived economic welfare, controlling for income and other factors. This paper-a product of Poverty and Human Resources, Development Research Group-is part of a larger effort in the group to better understand the relationship between objective and subjective economic welfare. The study was funded by the Bank's Research Support Budget under the research project Policies for Poor Areas (RPO 681-39). The authors may be contacted at [email protected] or [email protected].
Book Synopsis The Wealth of Nature by : John Michael Greer
Download or read book The Wealth of Nature written by John Michael Greer and published by New Society Publisher. This book was released on 2011-05-31 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wealth of Nature proposes a new model of economics based on the integral value of ecology. Building on the foundations of E.F. Schumacher's revolutionary "economics as if people mattered", this book examines the true cost of confusing money with wealth. By analyzing the mistakes of contemporary economics, it shows how an economy centered on natural capital-the raw materials that support human life-can move our society toward a more productive relationship with the planet that sustains us all. The Wealth of Nature suggests public policy initiatives and personal choices that can help alleviate the economic impact of peak oil. These strategies must address not only financial concerns, but the issues of resource depletion and pollution as well. Examples include: Adjusting tax policy to penalize the use of natural nonrenewable resources over recycled materials Placing public welfare above corporate interests Empowering individuals, families, and communities by prioritizing local, sustainable solutions Building economies at an appropriate scale. Profoundly insightful and impeccably argued, this book is required reading for anyone interested in the intersection of the environment and the economy as we enter the twilight of the Age of Abundance .
Book Synopsis Happiness for All? by : Carol Graham
Download or read book Happiness for All? written by Carol Graham and published by Princeton University Press. This book was released on 2020-07-14 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Declaration of Independence states that all people are endowed with certain unalienable rights, and that among these is the pursuit of happiness. But is happiness equally available to everyone in America today? How about elsewhere in the world? Carol Graham draws on cutting-edge research linking income inequality with well-being to show how the widening prosperity gap has led to rising inequality in people's beliefs, hopes, and aspirations. For the United States and other developed countries, the high costs of being poor are most evident not in material deprivation but rather in stress, insecurity, and lack of hope. The result is an optimism gap between rich and poor that, if left unchecked, could lead to an increasingly divided society. Graham reveals how people who do not believe in their own futures are unlikely to invest in them, and how the consequences can range from job instability and poor education to greater mortality rates, failed marriages, and higher rates of incarceration. She describes how the optimism gap is reflected in the very words people use--the wealthy use words that reflect knowledge acquisition and healthy behaviors, while the words of the poor reflect desperation, short-term outlooks, and patchwork solutions. She also explains why the least optimistic people in America are poor whites, not poor blacks or Hispanics. Happiness for All? highlights the importance of well-being measures in identifying and monitoring trends in life satisfaction and optimism--and misery and despair--and demonstrates how hope and happiness can lead to improved economic outcomes.
Book Synopsis The Foundations of Behavioral Economic Analysis by : Sanjit Dhami
Download or read book The Foundations of Behavioral Economic Analysis written by Sanjit Dhami and published by Oxford University Press. This book was released on 2019-02-14 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taken from the first definitive introduction to behavioral economics, The Foundations of Behavioral Economic Analysis: Other-Regarding Preferences is an authoritative and cutting edge guide to this essential topic for advanced undergraduate and postgraduate students. It considers the evidence from experimental games on human sociality, and gives models and applications of inequity aversion, intention based reciprocity, conditional cooperation, human virtues, and social identity. This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioural economics.
Book Synopsis Ancient Futures by : Helena Norberg-Hodge
Download or read book Ancient Futures written by Helena Norberg-Hodge and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A moving portrait of tradition and change in Ladakh, or "Little Tibet," Ancient Futures is also a scathing critique of the global economy and a rallying call for economic localization. When Helena Norberg-Hodge first visited Ladakh in 1975, she found a pristine environment, a self-reliant economy and a people who exhibited a remarkable joie de vivre. But then came a tidal wave of economic growth and development. Over the last four decades, this remote Himalayan land has been transformed by outside markets and Western notions of "progress." As a direct result, a whole range of problems--from polluted air and water to unemployment, religious conflict, eating disorders and youth suicide--have appeared for the first time. Yet this is far from a story of despair. Social and environmental breakdown, Norberg-Hodge argues, are neither inevitable nor evolutionary, but the products of political and economic decisions--and those decisions can be changed. In a new Preface, she presents a kaleidoscope of projects around the world that are pointing the way for both human and ecological well-being. These initiatives are the manifestation of a rapidly growing localization movement, which works to rebuild place-based cultures--strengthening community and our connection with nature. Ancient Futures challenges us to redefine what a healthy economy means, and to find ways to carry centuries-old wisdom into our future. The book and a related film by the same title have, between them, been translated into more than 40 languages.
Book Synopsis Keynes on Uncertainty and Tragic Happiness by : Anna M. Carabelli
Download or read book Keynes on Uncertainty and Tragic Happiness written by Anna M. Carabelli and published by Springer Nature. This book was released on 2021-07-23 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most economists who read the General Theory candidly admitted that they could not understand the theoretical apparatus and found it easy to recast it in traditional terms. This book provides a masterful guide to the generally unrecognized methodological revolution that supported the new theoretical concepts -- a veritable lodestone that complements and expands understanding on the treatment of the economic magnitudes appropriate to the ideal of generality in the social sciences, to the applicability of probability, to the formulation of decision-making under uncertainty, and the foundations of economic policy in interdependent economic systems. _Jan Kregel, Levy Economics Institute Anna Carabelli sets out Keynes’s understanding of economics as a way of thinking, encompassing method and morals, rather than as a doctrine. She does so with her customary admirable scholarship and also her willingness to take controversial positions. I commend the volume most highly to Keynes scholars as a drawing-together and development of the themes that Carabelli has pursued since the publication of her 1988 classic, On Keynes’s Method. Further Keynes’s approach was designed to be applied to different contexts, so I enthusiastically recommend the volume also as a foundation and guide for anyone open to such a ‘new way of reasoning in economics’ for the modern era. _Sheila Dow, University of Stirling This book examines the philosophy and methodology of Keynes, highlighting its novelty and how it presented a new form of economic reasoning. Exploring Keynes’s use of non-demonstrative logic, based on probability, commonalities are found in his economics, ethics, aesthetics, and international relations. Insights are provided into his reasoning and his approach to uncertainty, rationality, measurability of complex magnitudes, moral and rational dilemmas, and irreducible conflicts. This book investigates methodological continuity within Keynes’s work, in particular in relation to uncertainty, complexity, incommensurability, happiness and openness. It will be relevant to students and researchers interested in Keynes, probability, ambiguity, ethics and the history of economic thought.
Book Synopsis Recent Developments in the Economics of Happiness by : Bruno S. Frey
Download or read book Recent Developments in the Economics of Happiness written by Bruno S. Frey and published by Edward Elgar Publishing. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title presents 19 articles, dating from 2002 to 2012, on the subject of the economics of happiness.
Book Synopsis The Pursuit of Happiness by : Louis Narens
Download or read book The Pursuit of Happiness written by Louis Narens and published by Oxford University Press. This book was released on 2020-10-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utilitarianism began as a movement for social reform that changed the world, based on the ideal of maximizing pleasure and minimizing pain. There is a tendency to enter into debates for and against the ethical doctrine of Utilitarianism without a clear understanding of its basic concepts. The Pursuit of Happiness now offers a rigorous account of the foundations of Utilitarianism, and vividly sets out possible ways forward for its future development. To understand Utilitarianism, we must understand utility: how is it to be measured, and how the aggregate utility of a group can be understood. Louis Narens and Brian Skyrms, respectively a cognitive scientist and a philosopher, pursue these questions by adopting both formal and historical methods, examining theories of measuring utility from Jeremy Bentham, the founder of the Utilitarian movement, to the present day, taking in psychophysics, positivism, measurement theory, meaningfulness, neuropsychology, representation theorems, and the dynamics of formation of conventions. On this basis, Narens and Skyrms argue that a meaningful form of Utilitarianism that can coordinate action in social groups is possible through interpersonal comparison and the formation of conventions.
Book Synopsis Happiness Quantified by : Bernard van Praag
Download or read book Happiness Quantified written by Bernard van Praag and published by OUP Oxford. This book was released on 2007-12-27 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do we measure happiness? Focusing on subjective measures as a proxy for welfare and well-being, this book finds ways to do that. Subjective measures have been used by psychologists, sociologists, political scientists, and, more recently, economists to answer a variety of scientifically and politically relevant questions. Van Praag, a pioneer in this field since 1971, and Ferrer-i-Carbonell present in this book a generally applicable methodology for the analysis of subjective satisfaction. Drawing on a range of surveys on people's satisfaction with their jobs, income, housing, marriages, and government policy, among other areas of life, this book shows how satisfaction with life "as a whole" is an aggregate of these domain satisfactions. Using German, British, Dutch, and Russian data, the authors cover a wide range of topics, even some not usually considered part of economic study. The book makes a distinction between actual satisfaction levels and individual norms, and in this way complements Van Praag's earlier work within the Leyden School with his later work in "happiness research". Among the many topics covered, the authors discuss: individuals' memory and anticipation processes and the estimation of adaptation phenomena (how individuals adapt to changing circumstances); the effect of reference groups on income norms and satisfaction with income; the importance of climate for well-being, including the development of a climate-equivalence index; the trade-offs between chronic diseases and income when well-being is kept constant; the damage of aircraft noise on well-being; the construction of a new talent tax tariff; and inequality from a satisfaction perspective, including the definition of "satisfaction inequalities", a natural extension of income inequality and poverty. This groundbreaking book presents new and fruitful methodology that consitutes a welcome addition to the social sciences.
Book Synopsis Capabilities and Happiness by : Luigino Bruni
Download or read book Capabilities and Happiness written by Luigino Bruni and published by OUP Oxford. This book was released on 2008-10-30 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few would dispute that the well-being of individuals is one of the most desirable aims of human actions. However, approaches on how to define, measure, evaluate, and promote well-being differ widely. The conventional economic approach takes income (or the power to acquire market goods) as the most important indicator for well-being, and the utility function as the formal device for positive and normative analysis. However, this approach to well-being has been questioned for being seriously limited and other approaches have arisen. The capability approach to well-being, which has been developed during the last two decades by Amartya Sen and Martha Nussbaum, and the Happiness Approach to well-being, championed by Richard Easterlin, both provide an alternative. Both approaches come from different traditions and have developed independently, but nevertheless aim to overcome the rigid boundaries of the conventional economic approach to well-being. Given these common aims, it is surprising that little comparative work has been undertaken across these approaches. This book aims to correct this by providing the reader with contributions from leading names associated with both approaches, as well as contributions which evaluate the approaches and contrast one with the other.
