Ekonomie štěstí: proč méně může být více / Economics and Happiness: Why Less Can Be More [available in Czech only]

Lubomir Mlcoch ()

No 94, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: Doubts about the intrinsic value of economic performance are nothing new (T.Scitovsky, J.Galbraith). The paper starts with a criticism of „catching up“ models and a „puzzle“ of East Germans dissatisfaction with a rise of welfare after the Berlin wall’s fall. Author provides a sketch of the empirical research of subjective happiness since T.Scitovsky´s „Joyless Economy“ and R.Easterlin´s paradox. The limits of rationality „more is better“ have their source both in environmental, social and relational externalities and in a deep economic motivations of man /B.Frey/. The issue from a „stead mill“ of consumerism and domination of an imperial equivalence principle is seen in a conversion to social economy /economy of communion/ based on the principle of reciprocity. The „new Italien school“ /S.Zamagni, L.Bruni/ with an emphasis on „relational goods“ and „multi-dimensional culture“ of business provides a new paradigm for economic policies. Growth – at the end- is a by-product of search for happiness of men – nothing more.

Keywords: welfare economics; happiness; psychology in the economy; equivalence vs. reciprocity; joyless economy vs. economy of communion; we-rationality; relational goods (search for similar items in EconPapers)
JEL-codes: A11 A12 A13 D6 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2005, Revised 2005
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