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Happiness and Economics: How the Economy and Institutions Affect Human Well-Being. Paperback – December 2, 2001

4.2 out of 5 stars 4 customer reviews

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Editorial Reviews

From Publishers Weekly

Still convinced money doesn't buy happiness? In Happiness & Economics: How the Economy and Institutions Affect Human Well-Being, economists Bruno S. Frey (Inspiring Economics) and Alois Stutzer demonstrate how unemployment and inflation lead to unhappiness and argue that increased happiness comes with increased wealth. While this is no surprise, their next declaration may be. Far more important than wealth to well-being, they say, is democracy. Drawing on research conducted in Switzerland's single-economy, multi-state nation (where levels of democracy vary between cantons) the authors show how participation in governmental procedures and a sense of local autonomy empowers and satisfies people more than a full wallet.

Copyright 2001 Cahners Business Information, Inc.

--This text refers to an out of print or unavailable edition of this title.

Review

"Frey and Stutzer are highly successful in their effort to synthesize--from an economic perspective--happiness research from a variety of disciplines and to extend that research, using an economic orientation."--Choice

"With commendable expertise [the authors] integrate explanations of human well-being from psychology, sociology and political science with the few studies of happiness that have been undertaken by economists. . . . Frey and Stutzer support the unfashionable proposition that subjective well-being is indeed something that economists can and should study, and they marshal a strong case in favor of this view."--David Throsby, Times Literary Supplement

"A major breakthrough in economic research."--R.E. Lane, Journal of Economics
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Product Details

  • Series: Princeton Paperbacks
  • Paperback: 200 pages
  • Publisher: Princeton University Press (December 1, 2001)
  • Language: English
  • ISBN-10: 0691069980
  • ISBN-13: 978-0691069982
  • Product Dimensions: 6.1 x 0.5 x 9.2 inches
  • Shipping Weight: 12 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #792,777 in Books (See Top 100 in Books)

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Customer Reviews

Top Customer Reviews

Format: Paperback
This is a book of excellent insight and originality that will be accessible primarily to scholars. Authors and economists Bruno S. Frey and Alois Stutzer explore the uncharted terrain of happiness. They teach that happiness is fundamental to economics, although economists disagree about what happiness is and how to measure it. The authors emphasize the importance of intangible, subjective factors in happiness, and bring a good deal of psychological research into the discussion of how economic circumstances affect happiness. They offer surprising evidence and conclusions, such as the facts that the old and the young are almost equally happy, and that a rising income ceases to increase happiness after clearing a relatively low hurdle. We recommend this book to the advanced specialists on economics and psychology for whom it was written, with the caveat that its dry academic style will not bring happiness to the intrigued but nonexpert reader.
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Format: Paperback
Anti globalists, the serious ones, aim for a happier world. Classical economists see no place for happiness in economics. Both will improve the quality of their thinking by reading this book. It provides in just 200 pages an excellent overview of concepts in economics and their consequences on motivation and happiness, supported by statistical evidence. The presentation of the evidence can be improved by using more tables and less graphs, or graphs with the corresponding tables in an appendix. Even though references are given with the graphs it is impossible to find the original data in the Internet. It is also of interest to policy makers in business and government. For governments some well-founded recommendations are made concerning participation of the electorate, referenda, and decentralisation. For business the ideas about the link between intrinsic and extrinsic motivation are useful concepts.
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This book is essential to anyone that wishes to comprehend happiness as a scientific subject. Frey and Stutzer give a excelent panoramic view about the hedonic science ans subjective well-being research.
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Format: Paperback
so I'd rather not have rated it, but I had to point out that while this might be the first _book_ on the topic, Richard Easterlin (at USC) is the forefather of happiness and economics studies, and has been publishing in this area (in top journals) for more than 40 years.
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