Measuring Happiness

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Can money buy happiness? Is income a reliable measure for life satisfaction? In the West after World War II, happiness seemed inextricably connected to prosperity. Beginning in the 1960s, however, other values began to gain ground: peace, political participation, civil rights, environmentalism. ¿Happiness economics¿¿a somewhat incongruous-sounding branch of what has been called ¿the dismal science¿¿has taken up the puzzle of what makes people happy, conducting elaborate surveys in which people are asked to quantify their satisfaction with ¿life in general.¿ In this book, three economists explore the happiness-prosperity connection, investigating how economists measure life satisfaction and well-being.