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Economics and Well-Being
Economics and Well-Being
Bruno S. Frey

Modern, empirical research on happiness was initiated by social psychologists. Important contributions have been made by a variety of researchers including Argyle (1987), Csikszentmihalyi (1990), Michalos (1991), and Lyubomirsky (2008). Most influential have been the collected volumes edited by Kahneman et al. (1999) and the work conducted by Diener and his colleagues (e.g., Diener, 1984, 2000; Diener and Biswas-Diener, 2002, 2008; Diener and Oishi, 2000). Happiness has, of course, been a central issue for philosophers, in particular Aristotle (for an account, see McMahon, 2006), but they have not undertaken any quantitative research.

The founding father of an economics of happiness is Easterlin (1974), but van Praag (1968) preceded him. Based on empirical ...

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