The Value to the Environmental Movement of the New Literature on the Economics of Happiness

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: Many environmentalists have not yet discovered and understood the value to them of a new research literature. That literature is the economics of happiness. It offers a potentially important tool for future policy debate. In particular, this literature offers a defensible way to calculate the costs and benefits of the true happiness value of ‘green’ variables – and to weigh those against the happiness value to people of extra income and consumption. Some of the latest research findings turn out to accord well with environmentalists’ intuitions : green variables seem to have large direct effects on human well-being; society would arguably be better to concentrate more on environmental aims and less on monetary or materialistic ones; greater consumption of things in Western society cannot be expected to make us much happier

Date: 2012
New Economics Papers: this item is included in nep-ene, nep-env, nep-hap, nep-hpe and nep-res
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Working Paper: The Value to the Environmental Movement of the New Literature on the Economics of Happiness (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:997

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