The Happiness Curve and Economics
How would Austrian economics reconcile the Easterlin Paradox with the principle of methodological individualism, particularly when aggregate measures like national wealth fail to reflect individual variations in happiness and preferences?
Similarly for the non-austrian economists that visit this sub… Since there is a favored view of government intervention in the market to alter GDP or wealth/inequality metrics how would you address the Easterlin Paradox if economic growth does not always lead to greater individual happiness?
I’m reading The Happiness Curve by Jonathan Rauch which made me think of these questions. I highly recommend the book.
submitted by /u/skabople
[link] [comments]
Like0
LikedLiked