Book Description:
I am delighted that Professor Easterlin, the most well known forerunner in the analysis of income and happiness, has assembled a volume comprising excellent contributions in this most important area. As happiness is the ultimate objective of life, the collection deserves the close reading of all students in economics. Yew Kwang Ng, Monash University, Australia and Nanyang Technological University, Singapore Richard Easterlin has pioneered the study of happiness in economics. This book assembles an impressive collection of articles. It demonstrates the major insights gained by integrating individuals subjective satisfaction in order to better understand how the economy works. The study of happiness injects new life into economics. Bruno S. Frey, University of Zurich, Switzerland If you are on leave for a year, headed for a desert island with space in your boat for only one book, I suggest you take this volume. Its topic matters more than any other in social science. And at last, after three decades, economists are starting to pay attention to Richard Easterlin and the emerging literature on the economics of happiness that he began. This book raises profound issues for western society, where it is going, and what we might be able to do to improve our own and our grandchildren s lives. Andrew Oswald, Warwick University, UK Happiness in Economics presents a selection of the most important economics articles on individuals subjective well being. The volume demonstrates that economics is relevant for people s happiness. Part I includes key early papers on happiness and income, determinants of the happiness income relationship, and policy implications, as well as the Leyden analysis of income norms. Part II contains recent analyses of the determinants of happiness. This fascinating and innovative collection will provide invaluable information and analysis for students, researchers and policymakers.
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