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. These ideas are found in his book, "Happiness: Lessons from and New Science" which was published in 2005. 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
