28 Feb Hapiness and global economics – exposing some myths
At the end of 2006, the journal of world economic affairs, The Economist, produced a banner issue on “Happiness and Economics”. The lead article unwittingly revealed an Achilles heel of Economics. It has no way of telling the universal needs of human beings from junk commodities for the masses, or gold toilet-seats for the rich.
So how are happiness and economics linked (if at all)?