Richard Layard

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Richard Layard

Richard Layard, the Founder-director of the LSE Centre for Economic Performance,was also a consultant to the Labour government from 1997-2001. Layard's work focuses on unemployment, inflation, inequality and education. These ideas are found in his book, "Happiness: Lessons from and New Science" which was published in 2005. Over the course of Layard's career, he has founded the Employment Institute in 1985, was a Chairman of the European Commission's Macroeconomic Policy Group in the 1980's and has been a member of the LSE staff since 1964. As well as being involved in these organizations, Layard has also worked with schools.

(information from http://cep.lse.ac.uk/layard/)

1st lecture: [1]

2nd lecture: [2]

3rd lecture: [3]

These lectures were accessed through the London School of Economics and Political Science website, at http://www.lse.ac.uk/.

Richard Layard's bio from London School of Economics: [4]

Happiness studies main page: [[5]]

Richard Layard

PICTURE
Happiness: Has Social Science a Clue?

• Lecture 1:
  • "To understand how the economy actually affects our well-being, we have to use psychology as well as economics"
  • "despite economic growth, happiness in the West has not grown in the last 50 years"
  • focuses on the underlying happiness
  • "In the standard economic model, private actions and exchanges get us to a Pareto optimum where no one could be happier without someone else being less happy"
  • "The higher the real wage, the happier the population"

Important Graphs! Richard Layard Lecture 1

Richard Layard Lecture 2

Richard Layard Lecture 3