The Austrian School on Happiness and Relational Goods

Antonio Magliulo

Working Papers - Economics from Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa

Abstract: Austrian economists do not directly face the problem of the relationships between economics and happiness. They even rather rarely use the word happiness and do not bother to define the philosophical meaning of it referring to Aristotle or to the Enlightenment. They prefer to speak of human welfare: a comprehensive welfare, not limited to the satisfaction of material needs. The problem that they directly face is whether and in what sense non-instrumental human relationships (that is relational goods) can be considered and dealt with as economic goods increasing human welfare. In this way, they indirectly explore the theme of the relationships between economics and happiness.

Keywords: Austrian School; Economics and Happiness; Well-Being; Relational Goods (search for similar items in EconPapers)
JEL-codes: B13 D60 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2008
New Economics Papers: this item is included in nep-hap, nep-hpe and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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