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Management & Development Of Happiness : A Priority In Socio-Economic Development

Listed author(s):
  • Dr.VSR.Subramaniam

If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be subsequent, for progressive happiness. Money cannot bring happiness, and it can induct problems as well. GDP, a vague relation builder is used as an index to measure the progress and happiness. Governments and Private corporate sectors in developed nations have attempted to induct happiness to their employees, through earning improvement, lower working hours etc… But, these did not increase happiness. Priority needs change over a period of time, and people compare themselves with others. It is because, the Tangible wealth generation is dribbled by Intangible feelings, to disturb the Happiness. These are Aggregate and Complex. Intangible aspects are Psychological, Social, Local, International and Universal in nature. Author’s Research and Development approach for these vicious combination infers that, all nations, irrespective their level of development, should evaluate Productivity/Management Decisions with reference to Socio-Economic Development units, and Intangible components should have priority over Tangibles (Algebraic Model). Domestic investments should be from Domestic Savings. Domestic Technology should be manned by Domestic Manpower. These could lead people towards more satisfaction and happiness (Geometric Model)

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Paper provided by EconWPA in its series Public Economics with number 0501008.

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Date of creation: 29 Jan 2005
Date of revision: 07 Feb 2005
Handle: RePEc:wpa:wuwppe:0501008
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