 Economics and Happiness Research: Insights from Austrian and Public Choice EconomicsChristopher Coyne and Peter J. Boettke Chapter 5 in Happiness and Public Policy, 2006, pp 89-105 from Palgrave Macmillan Abstract: Abstract Over the past decade economists have increasingly focused on the implications of happiness, also known as subjective well-being, for economic theory and policy.1 The focus on happiness can be seen as part of the larger behavioral movement in economics. To understand the growth and impact of this area of research, consider that the 2002 Nobel Prize in economics was awarded to a psychologist, Daniel Kahneman, “for having integrated insights from psychological research into economic science, especially concerning human judgment and decision making under uncertainty.”2 The main focus of the happiness and economics research has been on understanding the interconnection between economic outcomes and the resulting happiness of economic actors. The work in this area has yielded many implications for policy in a number of areas including public finance (government expenditure and taxation), welfare policy and labor law. Keywords: Public Choice; Austrian Economic; Relative Income; Austrian School; Public Choice Theory (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28802-7_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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