The economics of happiness or happiness economics is the quantitative and theoretical study of happiness, positive and negative affect, well-being, quality of life, life satisfaction and related concepts, typically combining economics with other fields such as psychology and sociology. It typically treats such happiness-related measures, rather than wealth, income or profit, as something to be maximized. The field has grown substantially since the late 20th century, for example by the development of methods, surveys and indices to measure happiness and related concepts. Its findings have been described as a challenge to the economics profession.
Read more about Happiness Economics: Subject Classification, Metrology, Indices, Neo-classical Economics, Criticism
Famous quotes containing the words happiness and/or economics:
“To you, more than to any others, the privilege is given, to assure that happiness [of saving the Union], and swell that grandeur, and to link your own names therewith forever.”
—Abraham Lincoln (1809–1865)
“The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races.... The economics of this musical esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.”
—George Steiner (b. 1929)