Perspectives from the happiness literature and the role of new instruments for policy analysis
By: by Bernard M. S. van Praag.
Series: Discussion paper -- no. 2568; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2568
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Happiness -- Economic aspects.
Description: "After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21st century economics. In Section 2 we sketch the present status of happiness economics. In Section 3 we consider the practical applicability of happiness economics, retaining the assumption of ordinal individual utilities. In Section 4 we introduce a cardinal utility concept, which seems to us the natural consequence of the happiness economics methodology. In Section 5 we sketch how this approach can lead to a normative approach to policy problems that is admissible from a positivist point of view. Section 6 concludes"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 3/21/2007.

Includes bibliographical references.

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