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Measuring happiness: the economics of well-being / Joachim Weimann [et al.].

By: Contributor(s): Language: English Publication details: Cambridge : MIT Press, 2015.Description: x, 212p. : 23 cmISBN:
  • 9780262529761
Subject(s): DDC classification:
  • 306 WEI/M
Summary: 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. Can money buy happinessIs income a reliable measure for life satisfactionIn 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 economics' 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 economists explore the happiness-prosperity connection, investigating how economists 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 not 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. Economic growth helps societies to sustain freedom and to finance social welfare programs. In this respect, high income may not 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.-- An investigation of the happiness-prosperity connection and whether economists can measure well-being.
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Item type Current library Home library Collection Call number Status Date due Barcode Item holds
Technical Reference Book Technical Reference Book Central Library, IIT Bhubaneswar Central Library, IIT Bhubaneswar SHSSM 306 WEI/M (Browse shelf(Opens below)) Available 10137
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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. Can money buy happinessIs income a reliable measure for life satisfactionIn 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 economics' 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 economists explore the happiness-prosperity connection, investigating how economists 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 not 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. Economic growth helps societies to sustain freedom and to finance social welfare programs. In this respect, high income may not 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.-- An investigation of the happiness-prosperity connection and whether economists can measure well-being.

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