Happiness Economics

= the study of the relation between happiness (i.e., quality of life) and the economy

Description

Derek Ryan Strong:

"Happiness economics is the study of the relation between happiness (i.e., quality of life) and the economy. Happiness can be thought of as life satisfaction or subjective well-being, connoting a long-term feeling as opposed to a short-term mood. Topics in this field include such things as the relation between income and happiness. Research in happiness economics has yielded consistent findings over the last 40 or so years: happiness is mostly found outside of the marketplace and in interpersonal relationships with family and friends, autonomy, self-esteem, and tension-free leisure. Additionally, joyful work is a major source of happiness. Money can buy happiness up to a certain point; only for the poor does an increase in income generate happiness." (http://creatingmutualism.blogspot.com/2010/06/happiness-economics-and-anarchism.html)