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Give your workers something to smile about


Frey, Bruno S (2010). Give your workers something to smile about. IESE insight, 4:60-66.

Abstract

Economics is undergoing a remarkable new development, which may even be called revolutionary. This development is likely to change economics substantially in the future. New insights from happiness research are slowly being accepted in standard economics, a field which is traditionally conservative. If the goal of most human beings is to be happy, then a fuller understanding of which factors contribute to well-being is critical, especially if recent findings on what determines happiness are at variance with standard economic theories. Happiness research is even more important in helping to determine which institutional forms best enable individuals to increase their life satisfaction.

Abstract

Economics is undergoing a remarkable new development, which may even be called revolutionary. This development is likely to change economics substantially in the future. New insights from happiness research are slowly being accepted in standard economics, a field which is traditionally conservative. If the goal of most human beings is to be happy, then a fuller understanding of which factors contribute to well-being is critical, especially if recent findings on what determines happiness are at variance with standard economic theories. Happiness research is even more important in helping to determine which institutional forms best enable individuals to increase their life satisfaction.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2010
Deposited On:15 Feb 2011 10:38
Last Modified:05 Apr 2016 14:47
Publisher:IESE Business School
Related URLs:http://www.ieseinsight.com/review/PastIssues.aspx?seccion=12 (Publisher)

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