Standard economic theory would suggest close linkages between income, broader measures of the quality of life and 'utility'. To some extent it is hard to test the link between income and utility given the way that utility is proxied by economists, but we do have measures of objective and...

Taking lessons from a conception of the nature and causes of happiness that harks back to Adam Smith and the original Utilitarians, this paper argues that increases in absolute income should have little effect on happiness in rich countries and that there might instead be channels linking...

The key features of the Malthusian model are that (i) income determines population growth, with rising wages increasing survival rates and (ii) there is a vital factor of production (land) which is fixed, implying decreased returns to scale for all other factors. The equilibrium state in such a...