This paper relates different subjective approaches to wellbeing to different traditions of economic analysis. The dominant formula of ‘Subjective Well-Being’ is attractive because it promises a direct measure of utility, but other approaches bring different strengths to policy evaluation....

Much of the debate on industrialization and displacement has, so far, focused on the optimum compensation for affected households. Our recently concluded study, comprising of a sample of 1017 households including 630 affected (displaced and land acquired) and 387 unaffected households, looks at...