Happiness in Economics: Difference between revisions
From Dickinson College Wiki
Jump to navigationJump to search
No edit summary |
No edit summary |
||
| Line 9: | Line 9: | ||
== Simply Textbook == | == Simply Textbook == | ||
Most economists take it as a matter of course that higher income leads to higher happiness. And why not? A higher income expands individuals' and countries' opportunity set; that is, more goods and services can be consumed. | Most economists take it as a matter of course that higher income leads to higher happiness. And why not? A higher income expands individuals' and countries' opportunity set; that is, more goods and services can be consumed. The few people not interested in more comodities need not consume them; they have the freedom to dispose of any unwanted surplus free of charge. | ||
[http://www.jstor.org/view/00220515/di021483/02p0003f/0 article, what can economists learn from happiness research?] | [http://www.jstor.org/view/00220515/di021483/02p0003f/0 article, what can economists learn from happiness research?] | ||
Revision as of 00:35, 5 November 2007
What is Happiness?
Simply Textbook
Most economists take it as a matter of course that higher income leads to higher happiness. And why not? A higher income expands individuals' and countries' opportunity set; that is, more goods and services can be consumed. The few people not interested in more comodities need not consume them; they have the freedom to dispose of any unwanted surplus free of charge.
