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The Austrian School on Happiness and Relational Goods

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Author Info
Antonio Magliulo () (Università degli Studi di Firenze, Dipartimento di Scienze Economiche)

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Abstract

Austrian economists do not directly face the problem of the relationships between economics and happiness. They even rather rarely use the word happiness and do not bother to define the philosophical meaning of it referring to Aristotle or to the Enlightenment. They prefer to speak of human welfare: a comprehensive welfare, not limited to the satisfaction of material needs. The problem that they directly face is whether and in what sense non-instrumental human relationships (that is relational goods) can be considered and dealt with as economic goods increasing human welfare. In this way, they indirectly explore the theme of the relationships between economics and happiness.

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Publisher Info
Paper provided by Universita' degli Studi di Firenze, Dipartimento di Scienze Economiche in its series Working Papers Series with number wp2008_05.rdf.

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Length: 21 pages
Date of creation: 2008
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Handle: RePEc:frz:wpaper:wp2008_05.rdf

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Related research
Keywords: Austrian School; Economics and Happiness; Well-Being; Relational Goods;

Find related papers by JEL classification:
B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (includes Austrian, Marshallian, Walrasian)
D60 - Microeconomics - - Welfare Economics - - - General

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This page was last updated on 2009-11-18.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.