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Economics and HappinessFraming the Analysis$
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Luigino Bruni and Pier Luigi Porta

Print publication date: 2005

Print ISBN-13: 9780199286287

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0199286280.001.0001

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Building a Better Theory of Well-Being

Building a Better Theory of Well-Being

(p.29) 1 Building a Better Theory of Well-Being
Economics and Happiness

Richard A. Easterlin

Oxford University Press

Finding a better theory of well-being compared to prevailing theories on psychology and economics is one the main challenges for studies on happiness and economics. This chapter demonstrates that empirical results are at variance with both strands, and proposes new enquiries on the interplay of personality and life-events in shaping well-being as a solution to the problem.

Keywords:   psychology, well-being, hedonism

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