The aim of this paper is to explain the process of diversification of normative economics by presenting the work of two … economics of happiness and the capability approach. They focused on different concepts of well-being: the "joy" of satisfied …, applications, as well as new concepts of well-being, which are measureable, the capability approach and the economics of happiness …

Demonstrates how ideas in economics have shaped business decisions and models, as well as government policies … that have built modern business and policy. Readers will: Review the basics of economics and the innovation of economists …, telecommunication, and more Explore the future of economics in business applications, and the policy ideas, challenges, and implications …