Richard Layard Famous Quotes
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We need a revolution in academia, with every social science attempting to
understand the causes of happiness.
It is actually a rather sorry tale. In the late nineteenth century most English economists thought that economics was about happiness. They thought of a persons happiness as in principle measurable, like temperature, and they thought we could compare one persons happiness with anothers. They also assumed that extra income brought less and less extra happiness as a person got richer.
