The Relevance of Richard A. Easterlin’s Groundbreaking Work. A Historical Perspective

Mariano Rojas

Chapter Chapter 1 in The Economics of Happiness, 2019, pp 3-24 from Springer

Abstract: Abstract The Easterlin Paradox emerged within a particular historical context; economics moved from an early interest in happiness during the eighteenth and nineteenth centuries to its complete neglect during the first decades of the twentieth century. Due to this neglect economics faced serious limitations to address well-being issues and to contribute to happiness in societies. The chapter presents the evolution of economics in order to show why Richard A. Easterlin’s pioneer work in happiness and economics is groundbreaking; in fact, it constitutes the foundation of a new area in economics: Happiness economics. The chapter analyzes the emergence of happiness economics as well as its consequences and contributions to economics.

Keywords: Easterlin Paradox; Happiness; Welfare economics; Economic growth; Progress; Well-being (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-15835-4_1

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DOI: 10.1007/978-3-030-15835-4_1

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