General premise -- Theoretical frame -- Innovation, uncertainty, entrepreneurship : modelling the dynamic process of the economy -- Mainstream economics and heterodox economics : a misleading controversy : "necessary" system versus "natural" system -- An explanation of economic change and...

There is growing evidence that rising levels of prosperity in Western economies since 1945 have not been matched by greater incidences of reported well-being and happiness. Indeed, material affluence is often accompanied instead by greater social and individual distress. A growing literature...