Happiness Ethics And Economics

Annotation Modern happiness research has produced a wealth of evidence on the relationship between economic conditions and life satisfaction. This book provides an interpretation of this evidence and shows that it can be understood with the help of a handful of psychological and economic effects.

This textbook applies economic ethics to evaluate the free market system and enables students to examine the impact of free markets using the three main ethical approaches: utilitarianism, principle-based ethics and virtue ethics. Ethics and Economics systematically links empirical research to these ethical questions, with a focus on the core topics of happiness, inequality and virtues. Each chapter offers a recommended further reading list. The final chapter provides a practical method for applying the different ethical approaches to morally evaluate an economic policy proposal and an example of the methodology being applied to a real-life policy. This book will give students a clear theoretical and methodological toolkit for analyzing the ethics of market policies, making it a valuable resource for courses on economic ethics and economic philosophy.

Practical solutions for building economies of well-being based on Genuine Wealth.

Exploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.

This book is a welcome consolidation and extension of the recent expanding debates on happiness and economics. Happiness and economics, as a new field for research, is now of pivotal interest particularly to welfare economists and psychologists.

This book focuses on what makes people happy. The author explains methods for measuring subjective life satisfaction and well-being by discussing economic and sociodemographic factors, as well as the psychological, cultural and political dimensions of personal happiness. Does higher income increase happiness? Are people in rich countries, such as the United States, the United Kingdom and Scandinavian countries, happier than those living elsewhere? Does losing one’s job make one unhappy? What is the role of genetic endowments inherited from our parents? How important are physical and emotional health to subjective life satisfaction? Do older people tend to be happier, or younger people? Are close social relationships necessary for happiness? Do political conditions, such as respect for human rights, democracy and autonomy, play a part? How can governments contribute to the population’s happiness? This book answers these questions on the basis of extensive interdisciplinary research reflecting the current state of knowledge. The book will appeal to anyone interested in learning more about the various dimensions of personal well-being beyond the happiness-prosperity connection, as well as to policymakers looking for guidance on how to improve happiness in societies.

This book studies the interplay of economic philosophy and moral conduct as reflected in the writings of one of the most renowned scholars in Islamic history, Abū Ḥāmid Muḥammad ibn Muḥammad al-Ghazālī (d. 1111). As is well known, Imām al-Ghazālī, nicknamed "the proof of Islam", contributed immensely to Islamic theology, philosophy, and Sufism or Islamic mysticism (taṣawwuf). Strikingly enough, al-Ghazālī also made seminal contributions to the field of economic thought, but this contribution has been largely neglected, although al-Ghazālī dedicated many chapters to what he considered just and Sharī'a-based economic conduct in (Muslim) society. This book aims to analyse and revive al-Ghazālī's understudied contribution to economic thought by emphasizing his economic philosophy and its correlation between Sharī'a's moral law and the tradition of taṣawwuf, as well as to situate his thought within the context of modern economic theories.