Important Economists: Difference between revisions

Revision as of 00:59, 28 November 2007

Economists that Focus on Happiness in Economics

"First economist to make prominant use of Happiness data" (from first website below)

@@ Line 14: / Line 14: @@
 [http://www.jstor.org/view/00130133/di983549/98p0497i/0?frame=noframe&userID=40093d91@dickinson.edu/01c0a80a6600501ce9092&dpi=3&config=jstor article, Happiness and Economic Performance]
-== Richard Layard ==
-PICTURE
-<br>''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!
-[http://cep.lse.ac.uk/events/lectures/layard/RL030303.pdf Richard Layard Lecture 1]
-[http://cep.lse.ac.uk/events/lectures/layard/RL040303.pdf Richard Layard Lecture 2]
-[http://cep.lse.ac.uk/events/lectures/layard/RL050303.pdf Richard Layard Lecture 3]
 == Bruno Frey==