Jump to ContentJump to Main Navigation
HappinessA Revolution in Economics$
Users without a subscription are not able to see the full content.

Bruno S. Frey

Print publication date: 2008

Print ISBN-13: 9780262062770

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262062770.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 05 July 2022

Research on Happiness

Research on Happiness

(p.3) 1 Research on Happiness

Bruno S. Frey

The MIT Press

Many consider happiness to be the ultimate goal in life. Individual well-being is tied to economics, or more precisely, economic growth, unemployment, inflation, and inequality, as well as institutional factors such as good governance. There is evidence that subjective well-being is a much more accurate measure of individual welfare than income. In general, the terms “happiness,” “well-being,” and “life satisfaction” are used interchangeably. Aside from intrinsic interest in happiness, economists have a variety of reasons to study the subject. Research on happiness can contribute to the core of economics in the future via two different ways: utility and theory testing. The connection between happiness and economic policy stems from the manner in which individual well-being is influenced by institutional conditions on happiness (for example, the quality of governance and the size of social capital). In addition to economics, the literature on happiness spans a wide range of disciplines, from philosophy to psychology, sociology, and political science.

Keywords:   happiness, welfare, well-being, economics, income, life satisfaction, utility, theory testing, economic policy, good governance

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.