Important Economists: Difference between revisions
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== Richard Layard == | == Richard Layard == | ||
'' | ''Happiness: Has Social Science a Clue?'' | ||
**Lecture 1: | **Lecture 1: | ||
***"To understand how the economy actually affects our well-being, we have to use psychology as well as economics" | ***"To understand how the economy actually affects our well-being, we have to use psychology as well as economics" | ||
Revision as of 21:18, 13 November 2007
Economists that Focus on Happiness in Economics
Richard Layard
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"
- Lecture 1:
Important Graphs! Richard Layard Lecture 1
