Pugno, Maurizio - In: Economics - The Open-Access, Open-Assessment E-Journal 8 (2014), pp. 1-29
Scitovsky is known as a forerunner of behavioural economics simply because he drew heavily on psychology and claimed that people's choices may be "joyless" (Scitovsky, The joyless economy, 1976). However, a careful reformulation of his analysis shows that he anticipated a number of insights...