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Terence C. Burnham () and Jay Phelan
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Terence C. Burnham: Chapman University
Jay Phelan: UCLA

Journal of Bioeconomics, 2020, vol. 22, issue 2, No 1, 63-76

Abstract: Abstract Neoclassical and behavioral economics agree that people seek happiness, but diverge in their views of the source. Neoclassical economics assumes permanent happiness derives from objective, positive outcomes including, importantly, having financial resources. Behavioral economics argues that happiness comes from outcomes that are better than subjective reference points. Evolutionary biology understands, in great detail, both the proximate and ultimate causes of human happiness. Accordingly, evolutionary biology holds the key to a synthesis of divergent economic theories of happiness.

Date: 2020
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DOI: 10.1007/s10818-020-09299-0

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