The Economics of Happiness

@inproceedings{FreyTheEO,
  title={The Economics of Happiness},
  author={Bruno S. Frey and Alois Stutzer}
}
Everyone wants to be happy. There are few goals in life shared by so many people. Economic activity—the production of goods and services—is certainly not an end in itself but only has value in so far as it contributes to human happiness. But, surprisingly enough, economists have long left the study of happiness to other disciplines, especially psychology. True, when the science of economics was founded by the classics, it was taken for granted that happiness can be measured and used to… CONTINUE READING

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