Leseprobe
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Happiness and Economics
Bruno S. Frey, Alois Stutzer
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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
Curiously, economists, whose discipline has much to do with human well-being, have shied away from factoring the study of happiness into their work. Happiness, they might say, is an ''unscientific'' concept. This is the first book to establish empirically the link between happiness and economics--and between happiness and democracy. Two respected economists, Bruno S. Frey and Alois Stutzer, integrate insights and findings from psychology, where attempts to measure quality of life are well-documented, as well as from sociology and political science. They demonstrate how micro- and macro-economic conditions in the form of income, unemployment, and inflation affect happiness. The research is centered on Switzerland, whose varying degrees of direct democracy from one canton to another, all within a single economy, allow for political effects to be isolated from economic effects.
Not surprisingly, the authors confirm that unemployment and inflation nurture unhappiness. Their most striking revelation, however, is that the more developed the democratic institutions and the degree of local autonomy, the more satisfied people are with their lives. While such factors as rising income increase personal happiness only minimally, institutions that facilitate more individual involvement in politics (such as referendums) have a substantial effect. For countries such as the United States, where disillusionment with politics seems to be on the rise, such findings are especially significant. By applying econometrics to a real-world issue of general concern and yielding surprising results, Happiness and Economics promises to spark healthy debate over a wide range of the social sciences.
Kundenbewertungen
Job satisfaction, Genuine progress indicator, Marginal utility, Gross National Happiness, Bias, Employment, Optimism bias, Economics, Involuntary unemployment, Endowment effect, Ordinal utility, Positive feedback, Percentage point, Tax, Income, Optimism, Money illusion, Welfare, Job security, Least squares, Ordinary least squares, Physical Quality of Life Index, Social welfare function, Standard of living, Probit model, Constitutional economics, Capability approach, Purchasing power, Volunteering, Estimation, Conspicuous consumption, Benevolent dictatorship, Behavioral economics, Well-being, Law of demand, Unemployment, Weighting, Utilitarianism, Cardinal utility, Meta-analysis, Socioeconomics, Developing country, Direct democracy, Popularity, Economy and Society, Dummy variable (statistics), Life satisfaction, Rational choice theory, Thorstein Veblen, Jeremy Bentham, Institution, Opportunity cost, Externality, Hedonic treadmill, Comparative advantage, Inflation, Neoclassical economics, Happiness economics, Relative income hypothesis, Developed country, Extraversion and introversion, Economic interventionism, Tibor Scitovsky, Expected utility hypothesis, Amartya Sen, Adaptive strategies, Economy, Sampling (statistics), Poverty, Subjective well-being