1. Introduction -- 2. The evidence on happiness -- 3. Relative income and happiness -- 4. Happiness and ethics -- 5. Happiness and good development -- 6. Happiness-oriented societal development under the premise of democracy -- 7. Orientation for a knowledgeable world.

In this clear and engaging book, economist Louis Putterman places the economy and the study of economics in a broad historical and social perspective. He explores the history of the discipline, the history of the modern economy, different perspectives on the market economy, and the relations...