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An intellectual history of man's most elusive yet coveted goal. Today, we think of happiness as a natural right, but people haven't always felt this way. Historian McMahon argues that our modern belief in happiness is a recent development, the product of a revolution in human expectations carried out since the eighteenth century. He investigates that fundamental transformation by synthesizing two thousand years of politics, culture, and thought. In...
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The general assumption that social policy should be utilitarian--that society should be organized to yield the greatest level of welfare--leads inexorably to increased government interventions. Historically, however, the science of economics has advocated limits to these interventions for utilitarian reasons and because of the assumption that people know what is best for themselves. But more recently, behavioral economics has focused on biases and...
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From the publisher. Scarcity is considered a ubiquitous feature of the human condition. It underpins much of modern economics and is widely used as an explanation for social organization, social conflict and the resource crunch confronting humanity's survival on the planet. It is made out to be an all-pervasive fact of our lives -- be it of housing, food, water or oil. But has the conception of scarcity been politicized, naturalized, and universalized...
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According to neoclassical theory, efficient interaction between the profit-maximizing "ideal producer" and the utility-maximizing "ideal consumer" will eventually lead to some sort of social optimum. But is that social optimum the same as human well-being? Human Well-Being and Economic Goals addresses that topic. It brings together more than 75 concise summaries of the most significant writings that consider issues of present and future individual...
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