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Ekonomie štěstí: proč méně může být více / Economics and Happiness: Why Less Can Be More [available in Czech only]

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Abstract

Doubts about the intrinsic value of economic performance are nothing new (T.Scitovsky, J.Galbraith). The paper starts with a criticism of „catching up“ models and a „puzzle“ of East Germans dissatisfaction with a rise of welfare after the Berlin wall’s fall. Author provides a sketch of the empirical research of subjective happiness since T.Scitovsky´s „Joyless Economy“ and R.Easterlin´s paradox. The limits of rationality „more is better“ have their source both in environmental, social and relational externalities and in a deep economic motivations of man /B.Frey/. The issue from a „stead mill“ of consumerism and domination of an imperial equivalence principle is seen in a conversion to social economy /economy of communion/ based on the principle of reciprocity. The „new Italien school“ /S.Zamagni, L.Bruni/ with an emphasis on „relational goods“ and „multi-dimensional culture“ of business provides a new paradigm for economic policies. Growth – at the end- is a by-product of search for happiness of men – nothing more.

Suggested Citation

  • Lubomír Mlčoch, 2005. "Ekonomie štěstí: proč méně může být více / Economics and Happiness: Why Less Can Be More [available in Czech only]," Working Papers IES 94, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2005.
  • Handle: RePEc:fau:wpaper:wp094
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    File URL: http://ies.fsv.cuni.cz/default/file/download/id/2763
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    Keywords

    welfare economics; happiness; psychology in the economy; equivalence vs. reciprocity; joyless economy vs. economy of communion; we-rationality; relational goods;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • 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
    • D6 - Microeconomics - - Welfare Economics

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