recent years, an animated interdisciplinary discussion has been fuelled
by the evidence that, in the long-term, people's satisfaction with their
lives is not significantly influenced by increases in their income and
that other aspects of their lives, especially their social relationships,
are of greater importance. This evidence raises a challenge to the economic
policy paradigm that has traditionally emphasized income as the primary
determinant of well being. In light of the new evidence: what should
be done to improve the quality of people's lives?
Can economic and social changes be made which enhance well-being?
What policies are required?
How do policies for well-being differ from traditional ones targeted
on redistribution, the correction of market inefficiencies, and growth?
Are there dimensions of well-being that have been neglected by traditional
policies? Is happiness
a meaningful policy target?