Measuring Happiness: The Economics of Well-Being

Erscheinungsjahr 2016
ISBN: 978-0-262-52976-1
Verlag: Penguin Random House LLC

Buch, Englisch, 224 Seiten, Trade Paperback, Format (B × H): 141 mm x 223 mm, Gewicht: 299 g

Reihe: The MIT Press

An investigation of the happiness-prosperity connection and whether economists can measure well-being.Can 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 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.

Autoren/Hrsg.

Weimann, Joachim

Knabe, Andreas

Schob, Ronnie

Schöb, Ronnie

Fachgebiete

• Sozialwissenschaften Psychologie Psychologie / Allgemeines & Theorie Psychologie: Allgemeines

Über Autor(innen)

Weimann, Joachim
Joachim Weimann is Full Professor of Economic Policy at Otto-von-Guericke-Universität Magdeburg, and head of MaXlLab, the Magdeburg Laboratory for Experimental Economics.

Schöb, Ronnie
Ronnie Schö b is Full Professor of International Public Economies at the School of Business and Economics at Freie Universitä t in Berlin.

Knabe, Andreas
Andreas Knabe is Full Professor and Chair of Public Economics at Otto-von-Guericke-Universät Magdeburg.

Joachim 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 Schöb is Full Professor of International Public Economies at the School of Business and Economics, Freie Universität, Berlin.