Happiness as a Measure of Development Flashcards
What is happiness economics and what might this include
Tries to measure any factor that is associated with increased or decreases levels of subjective well-being
Might include things like political freedom or family relationships
What is sometimes referred to as an accurate measure of happiness
Some economists argue that psychological surveys give an accurate measure
How does the UK measure happiness
The Office of National Statistics runs a Measuring National Well-being programme
Records statistics regarding people’s health, relationships, education and finances along with people’s own assessments of their personal well-being
What is the aim with measuring happiness
To devise policies that achieve better outcomes in those areas that are particularly important to people
