Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis

@inproceedings{Praag2007PerspectivesFT,
  title={Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis},
  author={Bernard M. S. van Praag},
  year={2007}
}
  • Bernard M. S. van Praag
  • Published 2007
Perspectives from the Happiness Literature and the Role of New Instruments for Policy Analysis After having been ignored for a long time by economists, happiness is becoming an object of serious research in 21 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… CONTINUE READING
Highly Cited
This paper has 20 citations. REVIEW CITATIONS