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Utilitarianism was a major philosophical movement of the nineteenth century which focused on maximising the happiness … utilitarians, including John Stuart Mill, were also early economists, but they largely rejected the use of utilitarianism in their … over the next 80 years had surprisingly little in common with utilitarian philosophy. In philosophy, utilitarianism went …
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Economics has rediscovered happiness even though the discipline has always been about human wellbeing. A growing evidence suggests that happier people can be more productive and innovative, which leads to profitability and economic growth. Thus, there are concerted efforts to measure happiness...
Persistent link: https://www.econbiz.de/10010260002
In this essay, Lawson describes the Economic Freedom of the World (EFW) project that quantifies the connections between economic freedom, political freedom, and economic performance by capturing and distilling the key elements of economic freedom within a single index
Persistent link: https://www.econbiz.de/10013119790
This paper estimates the relationship between various sub-indicators of economic freedom and life satisfaction for 122 countries. The estimation results show that life satisfaction is positively related to the quality of the legal system and protection of property rights. For poor countries,...
Persistent link: https://www.econbiz.de/10013106594
We exploit the cross-country differences in economic freedom to examine the link between the quality of institutions and subjective well-being. Using Veenhoven's happiness dataset, the evidence suggests countries with better economic institutions and higher level of economic freedom, captured by...
Persistent link: https://www.econbiz.de/10012965175
There is widespread concern, especially in certain feminist circles, that a market-oriented economic system, or capitalism, disfavors women. This could take many forms, such as lower wages for the same type of work, reduced career opportunities, disparities in ownership and the upholding of...
Persistent link: https://www.econbiz.de/10014332166
There is ample evidence that well-being, measured in various ways, is positively related to economic freedom across countries. Does this relationship hold at the sub-national level? Answering that question is the purpose of this study. Using regression analysis, we test whether economic freedom...
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