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World governance today is characterized by international organizations lacking democratic legitimacy and control by the citizens they claim to represent. They are also criticized for being inefficient. This leads to violent protests and to NGOs having great influence. To address these problems,...
Persistent link: https://www.econbiz.de/10005673534
Alienation to politics weakens political competition and can undermine the acceptance and legitimacy of democracy as a political system. Governance and representation problems at the local level cause part of citizens? lack of power and political alienation. Citizens have local power if they can...
Persistent link: https://www.econbiz.de/10005673548
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Over the past few years, there has been a steadily increasing interest on the part of economists in happiness research. We argue that reported subjective well-being is a satisfactory empirical approximation to individual utility and that happiness research is able to contribute important...
Persistent link: https://www.econbiz.de/10005760911
People not only care about outcomes, they also value the procedures which lead to the outcomes. Procedural utility is a potentially important source of human well-being. This paper aims at introducing the concept of procedural utility into economics, and argues that it should be incorporated...
Persistent link: https://www.econbiz.de/10005760922
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In recent years, there has been a steadily increasing interest on the part of economists in happiness research. We argue that reported subjective well-being is a satisfactory empirical approximation to individual utility and that happiness research is able to contribute important insights for...
Persistent link: https://www.econbiz.de/10005819721
Persistent link: https://www.econbiz.de/10012149856
Leading economics scholars consider the influence of psychology on economics, discussing topics including pro-social behavior, conditional trust, neuroeconomics, procedural utility, and happiness research.
Persistent link: https://www.econbiz.de/10012680332