Download or read book Happiness and Declining Marginal Utility written by Andrew Wegrzyn and published by . This book was released on 2007 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Diminishing Marginal Utility of Income A Caveat written by Richard A. Easterlin and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few generalizations in the social sciences enjoy such wide-ranging support as that of diminishing marginal utility of income. Put simply, this proposition states that the effect on subjective well-being of a $1,000 increase in income becomes progressively smaller the higher the initial level of income. Distinguished scholars in economics, political science, psychology, and sociology who have made major contributions to the study of subjective well-being concur on this assertion. Its policy appeal is great, because it implies that raising the income of poor people or poor countries will raise their well-being considerably, while an increase of equal amount for the rich will have comparatively little effect. The diminishing returns generalization is based on point-of-time bivariate comparisons of happiness with real income, either among or within countries. If, as these cross sectional studies suggest, there is diminishing marginal utility of income, then this point-of-time pattern should be replicated over time as income traverses the range of values covered in the cross sectional analysis. I propose to test whether historical experience reproduces the point-of-time relationship, first, using an international cross section of happiness and income, and, then, a within-country one for the United States. As in the studies cited, I use a simple bivariate comparison. It turns out that income change over time does not generate the change in happiness implied by the cross sectional pattern. The present analysis is not exhaustive, but it does suggest the need for caution in assuming that cross sectional generalizations about diminishing marginal utility of income can be safely used to anticipate change over time.
Download or read book Economics of Happiness written by Julius Matuzevicius and published by GRIN Verlag. This book was released on 2016-11-28 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2016 in the subject Economics - Other, grade: 68% out of 100% (or 2.1), University of Strathclyde, course: Economics, language: English, abstract: The purpose of this thesis is to analyse and compare scientific research in the economics of happiness. This study field has expanded significantly over the last forty years and some wider conclusions need to be made. This literature review looks in great detail at all concepts behind happiness and subjective well being, provides deeper understanding of GDP as a measure of welfare with issues around it and finally analyses ‘Easterlin Paradox’ and its updates.
Download or read book Utilitarianism written by John Stuart Mill and published by London : Parker, Son and Bourn. This book was released on 1863 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utilitarianism, by British philosopher John Stuart Mill, is one of his most influential works and is a philosophical defense of utilitarian ethical theory. This publication remained a relevant publication since its original publication in the mid 19th century, as is still relevant in the application of utility in regard to social policy. This is an important work for those studying the concept of utilitarianism, or those who are interested in the writings of John Stuart Mill.
Download or read book Happiness Economics and Public Policy written by Helen Johns (M. Sc.) and published by . This book was released on 2007 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains commentaries by Samuel Brittan and Melanie Powell. In Happiness, Economics and Public Policy, Helen Johns and Paul Ormerod analyse the economic research that underlies politicians' growing preoccupation with measures of 'well-being'. In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest.Those who wish governments to take into account measures of well-being when setting policy often point to the fact that increases in income have not led to increases in measured happiness, and thus governments should concentrate on redistribution and improving the quality of life, rather than on allowing people to benefit from economic growth.
Download or read book Happiness Inequality written by Nestor Gandelman and published by . This book was released on 2013 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compute the Gini indexes for income, happiness and various simulated utility levels. Due to decreasing marginal utility of income, happiness inequality should be lower than income inequality. We find that happiness inequality is about half that of income inequality. To compute the utility levels we need to assume values for a key parameter that can be interpreted as a measure of relative risk aversion. If this coefficient is above one, as most economists believe, then a large part of happiness inequality is not related to pecuniary dimensions of life.
Download or read book Happy Ever After written by Paul Dolan and published by Penguin UK. This book was released on 2019-01-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Be ambitious; find everlasting love; look after your health ... There are countless stories about how we ought to live our lives. These narratives can make our lives easier, and they might sometimes make us happier too. But they can also trap us and those around us. In Happy Ever After, bestselling happiness expert Professor Paul Dolan draws on a wealth of evidence to bust the common myths about our sources of happiness and shows that there can be many unexpected paths to lasting happiness. Some of these might involve not going into higher education, choosing not to marry, rewarding acts rooted in self-interest and caring a little less about living forever. By freeing ourselves from the myth of the perfect life, we might each find a life worth living.
Download or read book Happiness is the Wrong Metric written by Amitai Etzioni and published by Springer. This book was released on 2018-01-08 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY 4.0 license. This timely book addresses the conflict between globalism and nationalism. It provides a liberal communitarian response to the rise of populism occurring in many democracies. The book highlights the role of communities next to that of the state and the market. It spells out the policy implications of liberal communitarianism for privacy, freedom of the press, and much else. In a persuasive argument that speaks to politics today from Europe to the United States to Australia, the author offers a compelling vision of hope. Above all, the book offers a framework for dealing with moral challenges people face as they seek happiness but also to live up to their responsibilities to others and the common good. At a time when even our most basic values are up for question in policy debates riddled with populist manipulation, Amitai Etzioni’s bold book creates a new frame which introduces morals and values back into applied policy questions. These questions span the challenges of jobless growth to the unanswered questions posed by the role of artificial intelligence in a wide range of daily life tasks and decisions. While not all readers will agree with the communitarian solutions that he proposes, many will welcome an approach that is, at its core, inclusive and accepting of the increasingly global nature of all societies at the same time. It is a must read for all readers concerned about the future of Western liberal democracy. Carol Graham, Leo Pasvolsky Senior Fellow, The Brookings Institution and College Park Professor/University of Maryland In characteristically lively, engaging, and provocative style Etzioni tackles many of the great public policy dilemmas that afflict us today. Arguing that we are trapped into a spiral of slavish consumerism, he proposes a form of liberal communitarian that, he suggests, will allow human beings to flourish in changing circumstances. Jonathan Wolff, Blavatnik Chair of Public Policy, Blavatnik School of Government, University of Oxford
Download or read book Happiness Economics and Public Policy written by Helen Johns (M. Sc.) and published by . This book was released on 2007 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains commentaries by Samuel Brittan and Melanie Powell. In Happiness, Economics and Public Policy, Helen Johns and Paul Ormerod analyse the economic research that underlies politicians' growing preoccupation with measures of 'well-being'. In a lucid and compelling analysis, written for economists and non-economists alike, the authors find that happiness research cannot be used to justify government intervention in the way its proponents suggest.Those who wish governments to take into account measures of well-being when setting policy often point to the fact that increases in income have not led to increases in measured happiness, and thus governments should concentrate on redistribution and improving the quality of life, rather than on allowing people to benefit from economic growth.
Download or read book Self Regulation and Ego Control written by Edward R. Hirt and published by Academic Press. This book was released on 2016-08-08 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: Self-Regulation and Ego Control examines the physiological effects of depletion, the effects of psychological variables in self-control depletion effects, the role of motivational and goal states on self-control depletion effects, and a number of cognitive perspectives on self-control exertion. This insightful book begins with an introduction of self-control theories, ego depletion phenomena, and experimental examples of research in self-control, and concludes by delineating more inclusive and comprehensive models of self-regulation that can account for the full spectrum of findings from current research. In recent years, researchers have had difficulty identifying the underlying resources responsible for depletion effects. Moreover, further research has identified several psychological and motivational factors that can ameliorate depletion effects. These findings have led many to question assumptions of the dominant strength model and suggest that capacity limitations alone cannot account for the observed effects of depletion. Self-Regulation and Ego Control facilitates discourse across researchers from different ideological camps and advances more integrated views of self-regulation based on this research. - Covers the neuropsychological evidence for depletion effects, highlighting the roles of reward, valuation, and control in self-regulation - Reviews the roles of willpower, expectancies of mental energy change, and individual differences in the modulation of self-control exertion - Highlights the effects of various states such as positive mood, power, implementation intentions, mindfulness, and social rejection as moderators of depletion - Provides clarification of the distinctions between self-control in the context of goal-directed behavior versus related terms like self-regulation, executive control, and inhibition - Details the overlap between mental and physical depletion, and the potential interplay and substitutability of resources - Challenges the view that depletion reflects capacity limitations and includes newer models that take a more motivational account of resource allocation - Facilitates discourse across researchers from different ideological camps within the field. - Informs and enriches future research and advances more integrated views of self-regulation
Download or read book Routledge Revivals The Greatest Happiness Principle 1986 written by Lanny O. Ebenstein and published by Routledge. This book was released on 2017-12-14 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1991, The Greatest Happiness Principle traces the history of the theory of utility, starting with the Bible, and running through Plato, Aristotle, and Epicurus. It goes on to discuss the utilitarian theories of Jeremy Bentham and John Stuart Mill in detail, commenting on the latter's view of the Christianity of his day and his optimal socialist society. The book argues that the key theory of utility is fundamentally concerned with happiness, stating that happiness has largely been left out of discussions of utility. It also goes on to argue that utility can be used as a moral theory, ultimately posing the question, what is happiness?
Download or read book The Nature of Happiness written by Desmond Morris and published by Little Books. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is happiness? Here, one of the world’s foremost behavioral scientists tackles this age-old question. He shows that there are many ways of achieving happiness; for example, there is the inherent happiness that comes with the love of a child; the competitive happiness of triumphing over your opponents; the sensual happiness of the hedonist. Rather than preaching a particular behavior or way of life, Morris provides knowledge that we can use, if we wish, to make ourselves happier.
Download or read book Behavioural Public Policy written by Adam Oliver and published by Cambridge University Press. This book was released on 2013-10-24 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this accessible collection, leading academic economists, psychologists and philosophers apply behavioural economic findings to practical policy concerns.
Download or read book The Way Back written by F. H. Buckley and published by Encounter Books. This book was released on 2017-11-07 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The promise of America is that, with ambition and hard work, anyone can rise to the top. But now the promise has been broken, and we’ve become an aristocracy where rich parents raise rich kids and poor parents raise poor kids. We’ve been told that the changes are structural, that there’s nothing we can do about this. But that doesn’t explain why other First World countries are beating us hands down on the issue of mobility. What's different about America is our politics. An ostensibly progressive New Class of comfortably rich professionals, media leaders, and academics has shaped the contours of American politics and given us a country of fixed economic classes. It is supported by the poorest of Americans, who have little chance to rise, an alliance of both ends against the middle that recalls the Red Tories of parliamentary countries. Because they support an aristocracy, the members of the New Class are Tories, and because of their feigned concern for the poor, they are Red Tories. The Way Back explains the revolution in American politics, where political insurgents have challenged the complacent establishment of both parties, and shows how we can restore the promise of economic mobility and equality by pursuing socialist ends through capitalist means.
Download or read book Freedom and the Pursuit of Happiness written by Sebastiano Bavetta and published by Cambridge University Press. This book was released on 2014-10-06 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the relationship between different concepts of freedom and happiness. The book's authors distinguish three concepts for which an empirical measure exists: opportunity to choose (negative freedom), capability to choose (positive freedom), and autonomy to choose (autonomy freedom). They also provide a comprehensive account of the relationship between freedom and well-being by comparing channels through which freedoms affect quality of life. The book also explores whether the different conceptions of freedom complement or replace each other in the determination of the level of well-being. In so doing, the authors make freedoms a tool for policy making and are able to say which conception is the most effective for well-being, as circumstances change. The results have implications for a justification of a free society: maximizing freedoms is good for its favorable consequences upon individual well-being, a fundamental value for the judgment of human advantage.
Download or read book Happiness Quantified written by Bernard M. S. van Praag and published by Oxford University Press. This book was released on 2008 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using German, British, Dutch, and Russian data, the authors cover a wide range of topics.
Download or read book Principles of Economics written by Alfred Marshall and published by . This book was released on 1898 with total page 866 pages. Available in PDF, EPUB and Kindle. Book excerpt:
