Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its...

Series foreword -- Preface -- Major developments -- Research on happiness -- The relationship of happiness to utility -- How income affects happiness -- How unemployment affects happiness -- How inflation and inequality affect happiness -- Pushing ahead -- The public sphere -- Self-employment...

Leading economics scholars consider the influence of psychology on economics, discussing topics including pro-social behavior, conditional trust, neuroeconomics, procedural utility, and happiness research.

By opening markets the European union has been also an economic success. However, with respect to political organization the European Union is far less accomplished. The misguided concept of a successful Europe consists in mistaking integration for harmonization and homogenization. But the...