Economics and Happiness Research: Insights from Austrian and Public Choice Economics

HAPPINESS AND PUBLIC POLICY: THEORY, CASE STUDIES, AND IMPLICATIONS, Yew-Kwang Ng, Lok-Sang Ho, eds., Palgrave Macmillan, 2006

Posted: 6 Mar 2006

See all articles by Christopher J. Coyne

Christopher J. Coyne

George Mason University - Department of Economics

Peter J. Boettke

George Mason University - Department of Economics

Abstract

Over the past decade, economists have increasingly focused on happiness research. The main focus has been on understanding the interconnection between economic outcomes and the resulting happiness of economic actors. The work in this area has yielded many implications for policy in a number of areas, including public finance (government expenditure and taxation), welfare policy and labor law. This chapter will critically reexamine the happiness and economics research program and the resulting policy implications through an Austrian/Public Choice lens. It is our contention that the main insights of these schools of thought have been neglected in this area of research.

Keywords: Behavioral Economics, Economics and Happiness, Austrian Economics, Public Choice

JEL Classification: Z00, H19

Suggested Citation

Coyne, Christopher J. and Boettke, Peter J., Economics and Happiness Research: Insights from Austrian and Public Choice Economics. HAPPINESS AND PUBLIC POLICY: THEORY, CASE STUDIES, AND IMPLICATIONS, Yew-Kwang Ng, Lok-Sang Ho, eds., Palgrave Macmillan, 2006. Available at SSRN: https://ssrn.com/abstract=887644

Christopher J. Coyne (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Peter J. Boettke

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

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