Tag Archives: ECONOMIC GROWTH

Easterlin, R. A. (1974). Does economic growth improve the human lot? Some empirical evidence. In Nations and households in economic growth(pp. 89-125).

This chapter discusses the association of income and happiness. The basic data consist of statements by individuals on their subjective happiness, as reported in thirty surveys from 1946 through 1970, covering nineteen countries, including eleven in Asia, Africa, and Latin America. Within countries, there is a noticeable positive association between income and happiness—in every single …

Continue reading “Easterlin, R. A. (1974). Does economic growth improve the human lot? Some empirical evidence. In Nations and households in economic growth(pp. 89-125).”

Ng*, Y. K. (1978). Economic growth and social welfare: the need for a complete study of happiness. Kyklos, 31(4), 575-587.

Does economic growth increase social welfare (happiness)? Answers to such questions can only be provided by a complete analysis of all the objective, subjective, and institutional effects. All measures originate from the subjective world, working through the institutional setting to affect the objective world, the institutional setting and/or the subjective world. Due to the increasing …

Continue reading “Ng*, Y. K. (1978). Economic growth and social welfare: the need for a complete study of happiness. Kyklos, 31(4), 575-587.”