Happiness

There is a growing literature suggesting that economic analysis is not after all a dismal science, and that the discipline is capable of reinventing itself as an investigation of the nature and causes of human happiness. Reviewing two recent contributions to this genre, it is suggested that economists do have difficulties substituting ‘happiness’ for ‘utility’ as the touchstone for resource allocation, that the importance of ‘happiness’ in the evaluation of economic policy was well known in the eighteenth century but largely eradicated from the classical economics of the nineteenth and that the recent (re)discovery of ‘happiness’ by mainstream economics remains partial and unconvincing

Applied economics · Economics · Happiness · Mainstream · Mainstream economics · Neoclassical economics · Political science · Positive economics · Art History and Market Analysis · Economic Theory and Institutions · Economic Theory and Policy · Law · Psychology · Social Psychology

• Happiness, Sadness and Government

  Open Access•Grant Duncan•Health Culture and Society•2013

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• The Theory Of Social And Economic Organization

  Max Weber•The Theory Of Social And Economic…•1997

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• Before the Deluge

  Michael Sonenscher•Before the Deluge•2009

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• Wealth

  W J Ashley, Edwin Cannan•The Economic Journal•1914

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• The Economics of Welfare

  Arthur Cecil Pigou, Nahid Aslanbeigui•The Economic Journal•2017

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• The Theory of Political Economy

  Open Access•William Stanley Jevons•Theory of Political Economy•2013

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