Hаppinеss: A Rеvolution in Economics (Munich Lеcturеs)
Publisher: Thе MIT Prеss
Number of Pages: 240
Published: 2008-06-30
List price: $35.00
Revolutionary developments in economics are rare. The conservative bias of the field and its enshrined knowledge make it difficult to introduce new ideas not in line with received theory. Happiness research, however, has the potential to change economics substantially. Its findings, which are gradually being taken into account in standard economics, can be considered revolutionary in three respects: the measurement of experienced utility using psychologists’ tools for measuring subjective well-being, new insights into how human beings value goods and services and social conditions that i...