English, Article edition: ECONOMICS AND HAPPINESS: WHY MORE IS SOMETIMES NOT BETTER Lubomír Mlčoch

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Bookmark: http://trove.nla.gov.au/version/198133
Physical Description
  • article
Language
  • English

Edition details

Title
  • ECONOMICS AND HAPPINESS: WHY MORE IS SOMETIMES NOT BETTER
Author
  • Lubomír Mlčoch
Physical Description
  • article
Notes
  • The author raises doubts about a sense of "catching up" and an idolatry of HDP´s growth. His argumentation is based on the longitudinal international research of the link "economics-happiness" at the frontier between economics and psychology. The rationality of economic science "more is better" is bounded by environmental and relational externalities: it is just what a "theory of happiness" argues against a "joyless economy". The family-household is an old istitution esp. loosing in a competition with the market economy. The article stresses a role of "relational goods" explaining why more is sometimes less. The loss of happiness in market democracies (R.Lane) is the reason for a crisis of economic paradigm; it has a chance to be healed by a switch from the principle of imperial equivalence to a reciprocity (economy of communion). Implications for economic policies based on a "science of happiness" reverse the link "economics-happiness" making from HDP growth a by-product of our effort for happiness.
  • relational goods, positional goods, goods, equivalence vs. reciprocity, economy of communion, economics of family, Economic rationality vs. subjective happiness
  • RePEc:prg:jnlpol:v:2007:y:2007:i:2:id:594:p:147-163
Language
  • English
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