Happiness and Economics
How the Economy and Institutions Affect Human Well-Being
Bruno S. Frey|Alois Stutzer
The book explores the relationship between economic factors and individual happiness, analyzing how economic policies, market functioning, and institutional frameworks influence people's well-being. It employs empirical evidence and economic theory to suggest that beyond a certain point, increases in income have a diminishing effect on happiness, and it emphasizes the role of non-material values and social capital in contributing to a fulfilling life.
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