Advertisement

Human Satisfactions and Public Policy (1980)

  • Richard Layard

Abstract

There is much casual evidence that people in the West are not becoming happier, despite economic growth. There is also some systematic evidence. Opinion polls reveal no increase in self-rated happiness in the United States since the War. And, more slippery evidence this, rich countries appear to be no happier than poorer ones – at any rate among the advanced countries.2 But if growth has not brought happiness, the important question is what policy conclusions follow.

Keywords

Utility Function Marginal Utility Relative Income Relative Deprivation Social Optimum 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Akerlof, G (1976) ‘The economics of caste and of the rat race and other woeful tales’, Quarterly loumal of Economics, 90 (November), 599–618.CrossRefGoogle Scholar
  2. Boskin, M.J. and E. Sheshinski (1978) ‘Optimal redistributive taxation when individual welfare depends upon relative income’, Quarterly loumal of Economics, 92 (November).Google Scholar
  3. Duesenberry, J.S. (1949) Income, Saving and the Theory of Consumer Behaviour (Cambridge: Harvard University Press).Google Scholar
  4. Duncan, O.D. (1975) ‘Does money buy satisfaction?’, Social Indicators Research, 2(3) (December), 267–74.CrossRefGoogle Scholar
  5. Durkheim, E. (1951) Suicide, English edn (London: Routledge & Kegan Paul).Google Scholar
  6. Easterlin, RA. (1972) ‘Does economic growth improve the human lot?’, in P.A. David and M.W. Reder (eds), Nations and Households in Economic Growth (New York Academic Press).Google Scholar
  7. Hirsch, F. (1977) Social Limits to Growth (London: Routledge & Kegan Paul).Google Scholar
  8. Layard, R. (1980) ‘Wages policy and the redistribution of income’, The Colston Research Society Annual Lecture, in D. Collard, R. Lecomber and M. Slater (eds), The Limits to Redistribution (Bristol: Colston Society).Google Scholar
  9. Lynn, R. (1971) Personality and National Culture (Oxford: Pergamon Press).Google Scholar
  10. Mead, M. (1937) Cooperation and Competition among Primitive Peoples (New York: McGraw-Hill).CrossRefGoogle Scholar
  11. Mishan, E.J. (1977) The Economic Growth Debate (London: Allen & Unwin). Rainwater, L. (1975) What Money Buys: Inequality and the social meanings of income (New York, Basic Book).Google Scholar
  12. Runciman, W.G. (1966) Relative Deprivation and Social lustice (Harmondsworth: Penguin).Google Scholar
  13. Russell, B. (1949) Authority and the Individual (London: Allen & Unwin).Google Scholar
  14. Schoek, H. (1966) Envy (London: Seeker & Warburg).Google Scholar
  15. Scitovsky, T. (1976) The loyless Economy (Oxford: Oxford University Press) .Google Scholar
  16. Sen, A.K. (1973) ‘Behaviour and the concept of preference’, Economica (August) .Google Scholar
  17. Thaler, R.H. (1980) ‘Towards a positive theory of consumer choice’, loumal of Economic Behaviour and Organisation, March, Vol. 1 No.lGoogle Scholar
  18. Van Praag, B. (1978) ‘The Perception of Income Inequality’, in A. Shorrocks and W.Google Scholar
  19. Krelle (eds), The Economics of Income Distribution (Amsterdam: North-Holland).Google Scholar
  20. Weisbrod, B.A. (1977) ‘Comparing utility functions in efficiency terms or what kind of utility functions do we want?’, American Economic Review, 67 (December).Google Scholar

Copyright information

© Richard Layard 1999

Authors and Affiliations

  • Richard Layard

There are no affiliations available

Personalised recommendations