The Austrian School on Happiness and Relational Goods
AbstractAustrian 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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Bibliographic InfoPaper provided by Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa in its series Working Papers - Economics with number wp2008_05.rdf.
Length: 21 pages
Date of creation: 2008
Date of revision:
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 (Austrian, Marshallian, Walrasian, Stockholm School)
- D60 - Microeconomics - - Welfare Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-02-07 (All new papers)
- NEP-HAP-2009-02-07 (Economics of Happiness)
- NEP-HPE-2009-02-07 (History & Philosophy of Economics)
- NEP-SOC-2009-02-07 (Social Norms & Social Capital)
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- Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2008.
"On the Causal Impact of Relational Goods on Happiness,"
Rivista di Politica Economica,
SIPI Spa, vol. 98(5), pages 199-232, September.
- Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2009. "On the Causal Impact of Relational Goods on Happiness," CEIS Research Paper 151, Tor Vergata University, CEIS, revised 04 Dec 2009.
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