Richard Layard
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. Many of these ideas he relates to happiness. These ideas are found in his book, "Happiness: Lessons from and New Science" which was published in 2005. Along with Layard's book, Layard focuses three lectures covering his view on happiness and its impact on economy. 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
