Economics of Happiness

The Economics of Happiness studies how economic factors like income, employment, and wealth influence people's well-being and life satisfaction. It explores how money affects happiness—not just through material comfort but also through social connections, security, and personal fulfillment. The approach recognizes that beyond a certain point, increasing wealth has diminishing returns on happiness and emphasizes the importance of quality of life, community, and work-life balance. Ultimately, it aims to understand how economic policies can promote not just growth, but genuine human well-being and societal well-being.