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Happiness – A Revolution in Economics - MIT Press Scholarship Online
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Happiness: A Revolution in Economics

Bruno S. Frey


Revolutionary developments in economics are rare. The conservative bias of the field and its enshrined knowledge make it difficult to introduce new ideas not in line with received theory. Happiness research, however, has the potential to change economics substantially in the future. Its findings, which are gradually being taken into account in standard economics, can be considered revolutionary in three respects: the measurement of experienced utility using psychologists’ tools for measuring subjective well-being; new insights into how human beings value goods and services and social condition ... More

Keywords: happiness, economics, experienced utility, well-being, goods and services, social conditions, non-material values, autonomy, social relations, income

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780262062770
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262062770.001.0001


Affiliations are at time of print publication.

Bruno S. Frey, author