{"product_id":"does-the-easterlin-paradox-legitimize-the-implementation-of-degrowth-policies-in-developed-nations-von-annette-becker","title":"Does the Easterlin paradox legitimize the implementation of degrowth policies in developed nations?","description":"\u003cp\u003eSeminar paper from the year 2014 in the subject Business economics - Miscellaneous, grade: 2,0, University of Bayreuth (Institut für Philosophie), course: Integration of philosophy and economics, language: English, abstract: ¿Every day, in every industrialized country of the world, journalists and politicians give\u003c\/p\u003e\u003cp\u003eout a conscious and unconscious message. It is that better economic performance means\u003c\/p\u003e\u003cp\u003emore happiness for a nation. This idea is rarely questioned. We feel we would be more\u003c\/p\u003e\u003cp\u003echeery if our boss raised our pay, and assume that countries must be roughly the same.\u003c\/p\u003e\u003cp\u003eThe results in this paper suggest that, in a developed nation, economic progress buys\u003c\/p\u003e\u003cp\u003eonly a small amount of extra happiness.¿ (Oswald 1997, p. 1827) \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eBased on Oswald¿s introductory statement, this paper is going further than refuting the assumption that a\u003c\/p\u003e\u003cp\u003ecertain kind of utility is solely contingent on absolute earnings. With the interpretation\u003c\/p\u003e\u003cp\u003eof utility as happiness, it would mean for the aggregate economy as well as for the\u003c\/p\u003e\u003cp\u003eindividual that income secures happiness with a rising tendency. Having started with\u003c\/p\u003e\u003cp\u003eOswald, another economist with well-known findings has to be made mention of:\u003c\/p\u003e\u003cp\u003eRichard Easterlin, who constructed the hypothesis that from a certain threshold of\u003c\/p\u003e\u003cp\u003edevelopmental achievements on, economic growth is of minor significance to the overall\u003c\/p\u003e\u003cp\u003elife satisfaction of a nation. The so-called Easterlin paradox originally arose as data on\u003c\/p\u003e\u003cp\u003ericher citizens within a country displayed a higher level of subjective well-being and led\u003c\/p\u003e\u003cp\u003eto the assumption that ¿economic growth improve[s] the human lot¿ (Easterlin 1974).\u003c\/p\u003e\u003cp\u003eNevertheless, a comparison amongst well-developed states and over time revealed that\u003c\/p\u003e\u003cp\u003ethere¿s little difference of each population with regard to happiness. Thus, it appears\u003c\/p\u003e\u003cp\u003ethat not the absolute but relative wealth is of import to life satisfaction in crossindividual\u003c\/p\u003e\u003cp\u003eand cross-stratum comparisons. Even though it never gained as much\u003c\/p\u003e\u003cp\u003eattention as its foreshadowing counterpart by Easterlin, the phenomenon is also\u003c\/p\u003e\u003cp\u003edenoted as the ¿relative deprivation theory¿ (Oswald 1999, p. 360), pointing out the\u003c\/p\u003e\u003cp\u003estate of deprived happiness poorer individuals in a society suffer.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656889335\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656889335","offer_id":39433297690717,"sku":"9783656889335","price":18.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/2ba71dfc-46db-4e33-9766-8d0033495eb2.jpg?v=1778217101","url":"https:\/\/shop.autorenwelt.de\/products\/does-the-easterlin-paradox-legitimize-the-implementation-of-degrowth-policies-in-developed-nations-von-annette-becker","provider":"Autorenwelt Shop","version":"1.0","type":"link"}