Important Economists: Difference between revisions
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== Richard Layard == | == Richard Layard == | ||
''Happiness: Has Social Science a Clue?'' | ''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! | Important Graphs! | ||
[http://cep.lse.ac.uk/events/lectures/layard/RL030303.pdf Richard Layard Lecture 1] | [http://cep.lse.ac.uk/events/lectures/layard/RL030303.pdf Richard Layard Lecture 1] | ||
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"
Important Graphs! Richard Layard Lecture 1
