Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the 'Easterlin paradox', this paper seeks a compromise between two positions: one that insists on individual relative...

Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still unresolved. Against the background of debates around the ‘Easterlin paradox’, this paper seeks a compromise between two positions: one that insists on individual relative...

This paper examines the relationship between the individual conception in economics and the justification of economic rights as human rights. It briefly describes the nature of economic rights, and argues that the Homo economicus conception constitutes a barrier to justifying them. The paper...

This paper explains why people’s subjective well-being (SWB) fails to adapt to unemployment, even though people adapt to various life events. Although the unemployed downgrade their living standard when they enter into unemployment, their income is not sufficient to maintain their living. In...

This paper tests the empirical validity of Easterlin’s paradox, the absolute and relative income theorems which underpin it, and investigates associations between subjective well-being (SWB), economic growth and the factors which shape economic development via a series of multilevel...

"What produces a happy society and a happy life? Thanks to the new science of wellbeing, we can now answer this question using state-of-the-art empirical evidence. This transforms our ability to base our decisions on the outcomes that matter most, namely the wellbeing of us all including future...

"What produces a happy society and a happy life? Thanks to the new science of wellbeing, we can now answer this question using state-of-the-art empirical evidence. This transforms our ability to base our decisions on the outcomes that matter most, namely the wellbeing of us all including future...