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From Individual Wellbeing to Economic Welfare. The Scitovsky Contribution to the Explanation of a Joyless Economy

Viviana Di Giovinazzo ()

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This paper analyzes Tibor Scitovsky's attempt to solve the paradox of consumers' dissatisfaction in welfare societies. My research concentrate on Scitovsky's ground-breaking book, The Joyless Economy (1992a[1976]) which has been the first book to apply theories of neuropsychology to questions of consumer behavior in clear, non-technical language. When explaining the neurological basis of creative innovation, Tibor Scitovsky's The Joyless Economy apparently suggests just some devices for consumer's satisfaction; actually it lays the foundations for an economic theory where novelty is the key element to assess the utility value and knowledge is the means to gain more novelty.

Keywords: Novelty; Arousal; Stimulating Activities; Comfort; Boredom; Knowledge; Culture (search for similar items in EconPapers)
Date: 2008
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Published in European Journal of Economic and Social Systems, Lavoisier, 2008, 21 (1), pp.57-81. 〈10.3166/ejess.21.57-81〉

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DOI: 10.3166/ejess.21.57-81

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