Happyism: The Creepy New Economics of Pleasure. Economist Dierdre McCloskey, in the New Republic, digs into the mathematical underpinnings of the scientific study of happiness. Executive summary: she doesn't like what she finds.
"We infer that beyond about $75,000/y, there is no improvement whatever in any of the three measures of emotional well-being." Two social scientists at Princeton, Angus Deaton and Nobelist Daniel Kahneman, have a new paper in PNAS about money and the determinants of happiness. Increased income above $75,000 is not associated with higher subjective happiness, though it is associated with superior scores on measures of overall life satisfaction. Other tidbits: "Religion has a substantial influence on improving positive affect and reducing reports of stress, but no effect on reducing sadness or worry... The presence of children at home is associated with significant increases in stress, sadness, and worry."
Moving beyond GDP for an information-based society - If indeed[1,2] "A 'Quantum Leap' in Governance" is needed then, as part of the solution, we might start looking past GDP[5,6] and perhaps more toward "betterness instead of business, pursue awesomeness instead of innovation — and maximize good, instead of quarterly profits..." [more inside]
The Happy Planet Index presents an alternative to GDP for measuring standard of living. It ranks countries by measuring life expectancy and self-reported life satisfaction against an "ecological footprint" needed to support that country's lifestyle. The press release claims that well-being is not based on high levels of consumption, but many don't agree. Full report in PDF here. Vanuatu tops the charts, while Zimbabwe and Swaziland lie at bottom. Critiques here, here, here, and here. A critique of happiness indices generally here.
Happy Happy (both pdf) The burgeoning field of happiness studies is unearthing all sorts of interesting findings, many of them summarized in these two articles by University of British Columbia economist & "Professor of Happiness" John Helliwell. Rich countries are not happier than poor countries; people tend to revert to the mean after a happy event; money has only a modest effect on happiness; and, hey, good news! you get happier as you get older.
The Gross International Happiness Project. An idea inspired by Gross National Happiness, the Kingdom of Bhutan's alternative to GDP.