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Item Details
Title: HAPPINESS AND ECONOMICS
HOW THE ECONOMY AND INSTITUTIONS AFFECT HUMAN WELL-BEING
By: Bruno S. Frey, Alois Stutzer
Format: Hardback

List price: £37.95


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ISBN 10: 0691069972
ISBN 13: 9780691069975
Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 16 December, 2001
Pages: 232
Description: This text establishes the link between happiness and economics and happiness and democracy. The guide demonstrates how micro- and macro-economic systems in the form of income, unemployment, and inflation affect happiness.
Synopsis: 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 book aims to establish empirically the link between happiness and economics - and between happiness and democracy. Two respected economists, Bruno 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 centred 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 revlation, however, is that the more developed the democratic institutions and the degree of local autonomy, the more satisified people are with their lives.While such factors as rising income increase personal ha
Publication: US
Imprint: Princeton University Press
Returns: Non-returnable
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