It's reassuring to know that there are economists out there exploring methods of assessing happiness and other immaterial factors in our lives rather than ignoring them altogether due to a lack of precise measurement. Thanks for the great link. posted by methree at 9:19 PM on March 30, 2004
This isn't a new idea (quality of life indicators have been around forever,) but it's certainly been discarded in recent years so it's good to see a resurgence. A related concept is social capital, which has been endorsed by the World Bank as well as advanced in Robert Putnam's important work, "Bowling Alone." posted by PrinceValium at 9:29 PM on March 30, 2004
It's like Utilitarianism, but contrived, and stupid! posted by abcde at 11:42 AM on March 31, 2004
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posted by homunculus at 8:47 PM on March 30, 2004