Psychology Wiki

Happiness economics

Revision as of 13:54, March 14, 2007 by Dr Joe Kiff (Talk | contribs)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
34,200pages on
this wiki

Assessment | Biopsychology | Comparative | Cognitive | Developmental | Language | Individual differences | Personality | Philosophy | Social |
Methods | Statistics | Clinical | Educational | Industrial | Professional items | World psychology |

Clinical: Approaches · Group therapy · Techniques · Types of problem · Areas of specialism · Taxonomies · Therapeutic issues · Modes of delivery · Model translation project · Personal experiences ·

Happiness economics is the study of a country's well-being based not on its GDP or GNP but rather on its population's Gross National Happiness (GNH). Although its usefulness is yet to be determined, it has become a subject of interest and often a measure of comparison with the traditional forms of measuring market health.[1]


There is a recent trend in economics which relates happiness to economic performance and vice-versa.[2] Some studies suggest that happiness is already an economic indicator or at least can be approximately measured.[3], [4] New economic concepts could now be measured such as the Gross national happiness and the Happy Planet Index. Happy Life Years, a concept brought by Dutch sociologist Ruut Veenhoven is one of the concepts set to measure well-being combining subjective data (subjective life satisfaction, measured on a scale of 0 to 10) with objective data (life expectancy). New Economics Foundation, a British think-tank used this concept to measure the "Happy Planet Index".

On the other hand, a few researchers argue that a bigger economy doesn't always buy happiness. It is argued that happiness could be used as an economic indicator not as a replacement for more traditional measures but as a supplement.[5]

See also

External links


References and notes

  1. A New Measure of Well-Being From a Happy Little Kingdom. (html) NYT. URL accessed on 2007-01-08.
  2. Happiness, Economy and Institutions - Bruno S. Frey and Alois Stutzer - Institute for Empirical Research in Economics - University of Zurich
  3. The True Measure of Success -
  4. "Happiness" is not enough- Samuel Brittan: Templeton Lecture Inst. of Economic Affairs 22/11/01
  5. A bigger economy doesn't always buy happiness -

Around Wikia's network

Random Wiki