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:
“It’s afterwards you realize that the feeling of happiness you had with a man didn’t neccesarily prove that you loved him.”
—Marguerite Duras (b. 1914)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)