Maximising happiness does not maximise welfareVoxEU.org (2014)
Governments are now measuring happiness, or subjective wellbeing, and some have begun trying to maximise it. This column discusses recent research showing that happiness is not the same thing as utility. The choices people make suggest that they have desires and objectives other than happiness. It is therefore possible to make people worse off while increasing their reported subjective wellbeing.
Publication DateOctober 15, 2014
Citation InformationEdward L Glaeser, Joshua D Gottlieb and Oren Ziv. "Maximising happiness does not maximise welfare" VoxEU.org (2014)
Available at: http://works.bepress.com/joshua_gottlieb/14/