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.
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"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."--
"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