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This impressive volume presents an historical review of the evolution of economic thought. Bruni offers a significant contribution for a new season of studies on happiness and sociality in economics.
This volume has a double purpose. First of all, it follows an Italian tradition of thought that began in the 15th and 16th centuries as Civic Humanism and continued up until the golden period of Italian Enlightenment as represented by the Schools of Milan and Naples. Its main contribution to the history of economic thought is its conception of the market as a place centered on the principle of reciprocity and civil virtues. This book explains why the civil approach to economics disappeared from cultural debates, scientific enquiries and the public arena at the end of the 18th century, only to surface again in more recent times. Secondly, the book draws attention to a new reading of the whole of economic reality. Indeed, the civil economy in one sense is mainly a cultural perspective from which it is possible to interpret the entire economic discourse. If a theory is considered as substantially a point of view on reality, then this cultural perspective can also set the basis for a diverse economic theory. Where does the key element of such diversity lie? It lies in the attempt to integrate within the economic system the three basic principles of any social order: the principle of exchange of equivalents, the principle of redistribution and the principle of reciprocity. Though this book draws on the history of economic ideas, it focuses on the present day from an ancient perspective in order to find convincing answers to the new questions arising in the era of globalization.
Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.
Offering a thorough assessment of recent developments in the economic literature on happiness and quality of life, this major research Handbook astutely considers both methods of estimation and policy application. Luigino Bruni and Pier Luigi Porta’s refreshing, and constructively critical, approach emphasizes the subject’s integral impact on latter-day capitalism. Expert contributors critically present in-depth research on a wide range of topics including: • the history of the idea of quality of life and the impact of globalization • links between happiness and health • comparisons between hedonic and eudaimonic well-being • the relational and emotional side of human life, including subjective indicators of well-being • genetic and environmental contributions to life satisfaction • the impact of culture, fine arts and new media. Accessible and far-reaching, the Handbook of Research Methods and Applications in Happiness and Quality of Life will prove an invaluable resource for students and scholars of welfare and economics as well as practicing psychologists and researchers.
Approaches to well-being have been hotly debated across the social sciences, with most challenging the conventional economic approach which uses income as a key indicator of happiness. This volume compares and contrasts two such approaches, the Capability and Happiness Approach, via a series of interdisciplinary papers from top names in the field.
A leading economist discusses the potential of happiness research (the quantification of well-being) to answer important questions that standard economics methods are unable to analyze. Revolutionary developments in economics are rare. The conservative bias of the field and its enshrined knowledge make it difficult to introduce new ideas not in line with received theory. Happiness research, however, has the potential to change economics substantially in the future. Its findings, which are gradually being taken into account in standard economics, can be considered revolutionary in three respects: the measurement of experienced utility using psychologists' tools for measuring subjective well-being; new insights into how human beings value goods and services and social conditions that include consideration of such non-material values as autonomy and social relations; and policy consequences of these new insights that suggest different ways for government to affect individual well-being. In Happiness, emphasizing empirical evidence rather than theoretical conjectures, Bruno Frey substantiates these three revolutionary claims for happiness research. After tracing the major developments of happiness research in economics and demonstrating that we have gained important new insights into how income, unemployment, inflation, and income demonstration affect well-being, Frey examines such wide-ranging topics as democracy and federalism, self-employment and volunteer work, marriage, terrorism, and watching television from the new perspective of happiness research. Turning to policy implications, Frey describes how government can provide the conditions for people to achieve well-being, arguing that a crucial role is played by adequate political institutions and decentralized decision making. Happiness demonstrates the achievements of the economic happiness revolution and points the way to future research.
In recent years, debates on the economics of happiness have shown that, over the long-term, well-being is influenced more by social and personal relationships than by income. This evidence challenges the traditional economic policy paradigm that has emphasized income as the primary determinant of well-being. This volume brings together contributions from leading scholars to ask: What should be done to improve the quality of people's lives? Can economic and social changes be made which enhance well-being? What policies are required? How do policies for well-being differ from traditional ones targeted on redistribution, the correction of market inefficiencies, and growth? Are there dimensions of well-being that have been neglected by traditional policies? Is happiness a meaningful policy target? The volume presents reflections and proposals which constitute a first step towards answering these questions.
We know more about the development of John Locke's ideas than we do about almost any other philosopher's before modern times. This book brings together a comprehensive collection of the writings on politics and society that stand outside the canonical works which Locke published during his lifetime. In the aftermath of the Revolution of 1688 the three works by which he is chiefly known appeared: the Two Treatises of Government, An Essay Concerning Human Understanding, and A Letter Concerning Toleration, and the themes raised in these works had been reflected upon over many years. Mark Goldie's edition makes possible the fullest exploration of the evolution of Locke's ideas concerning the philosophical foundations of morality and sociability, the boundary of church and state, the shaping of constitutions, and the conduct of government and public policy.
We all strive for personal happiness in one way or another, but what about public happiness? What does public happiness mean and what role can governments and public policies play? The current COVID-19 pandemic has highlighted the inadequacies of old governance paradigms and even before this pandemic, increasing inequalities and frustration with the old GDP-centric growth paradigm have fueled dissatisfaction with and distrust of governments. This book suggests a new path towards public happiness as a potential solution. The book builds a theory of public happiness as a distinct concept from individual happiness, borrowing especially from Eastern philosophy. It provides an overview of the efforts so far to go “beyond GDP” – including measurement and exploration of the determinants of happiness – and how these efforts have fallen short of expectation. Lastly, the book sketches out what a public happiness policy might look like and identifies the factors of a successful happiness policy.