What makes people happy in life? This crucial question has the potential to shake up economics. In recent years, dissatisfaction with the understanding of welfare in economics and new opportunities for empirical study of people's subjective well-being have spurred impressive and stimulating new...

Die Glücksforschung ist mittlerweilen nicht mehr "nur" unter Philosophen, Psychologen und Neurobiologen ein Thema. Auch Ökonomen beschäftigen sich heute mit der Frage, was uns Menschen wirklich glücklich macht, und erweitern mit ihren Forschungsarbeiten die Standardökonomie auf...

Reviews of the new approach. What can economists learn from happiness research? / Bruno S. Frey and Alois Stutzer -- Developments in the measurement of subjective well-being / Daniel Kahneman and Alan B. Krueger -- Hedonic psychology and the ambiguities of "welfare" / Mark Kelman -- Economic...

Introduction (Bruno S. Frey and Christoph A. Schaltegger) -- Christine Benesch recommends “Mostly Harmless Econometrics: An Empiricist's Companion” by Joshua D. Angrist and Jörn-Steffen Pischke (Christine Bensch) -- Matthias Benz recommends “The Political Economy of Government...

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...

Revolutionary developments in economics are rare. The conservative bias of the field and its enshrined knowledge make it difficult to introduce new ideas not in line with received theory. Happiness research, however, has the potential to change economics substantially. Its findings, which are...