The Economics of Happiness

The economics of happiness explores how financial and social factors influence overall well-being. Unlike traditional economics focused on wealth and productivity, this approach considers how income, employment, social connections, health, and work-life balance contribute to people's satisfaction and life quality. It shows that beyond a certain point, more money doesn't significantly boost happiness, emphasizing the importance of aspects like community, purpose, and mental health. Ultimately, it suggests that policies fostering social cohesion and well-being can lead to happier, more fulfilled societies, highlighting that economic success is closely linked to personal and collective happiness.