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Ekonomie a štěstí: proč více někdy není lépe
[Economics and Happiness: Why More is Sometimes not Better]

Author

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  • Lubomír Mlčoch

Abstract

The author raises doubts about a sense of "catching up" and an idolatry of HDP´s growth. His argumentation is based on the longitudinal international research of the link "economics-happiness" at the frontier between economics and psychology. The rationality of economic science "more is better" is bounded by environmental and relational externalities: it is just what a "theory of happiness" argues against a "joyless economy". The family-household is an old istitution esp. loosing in a competition with the market economy. The article stresses a role of "relational goods" explaining why more is sometimes less. The loss of happiness in market democracies (R.Lane) is the reason for a crisis of economic paradigm; it has a chance to be healed by a switch from the principle of imperial equivalence to a reciprocity (economy of communion). Implications for economic policies based on a "science of happiness" reverse the link "economics-happiness" making from HDP growth a by-product of our effort for happiness.

Suggested Citation

  • Lubomír Mlčoch, 2007. "Ekonomie a štěstí: proč více někdy není lépe
    [Economics and Happiness: Why More is Sometimes not Better]
    ," Politická ekonomie, University of Economics, Prague, vol. 2007(2), pages 147-163.
  • Handle: RePEc:prg:jnlpol:v:2007:y:2007:i:2:id:594:p:147-163
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    More about this item

    Keywords

    Economic rationality vs. subjective happiness; equivalence vs. reciprocity; goods; positional goods; relational goods; economics of family; economy of communion;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • D10 - Microeconomics - - Household Behavior - - - General

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