Resource title

Perspectives from the happiness literature and the role of new instruments for policy analysis

Resource image

image for OpenScout resource :: Perspectives from the happiness literature and the role of new instruments for policy analysis

Resource 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.

Resource author

Bernard M. S. van Praag

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25957

Resource license

Adapt according to the presented license agreement and reference the original author.