Happiness: New Paradigm, Measurement, and Policy Implications
If happiness is an ultimate goal of human being, development paradigm that focuses exclusively on economic prosperity may need a rethinking. Development should not be only about economic prosperity - only a material means of happiness, but should be conceptualized towards the goal of happiness that involves other aspects than economic such as physical, mental, social and spiritual.
Public policy schemes, therefore, need to be re-designed in order to increase individual and societal happiness. This paper draws from the International Conference on “Happiness and Public Policy” held at UNCC in Bangkok during July 18-19, 2007. Combining more than 50 papers presented at the Conference and existing literature on subjective well-being, this paper discusses:
1) why we may need a new development paradigm,
2) why we may want to measure happiness,
3) how to measure happiness, and
4) implications of research on subjective well-being on public policies. This synthesis highlights these discussions and provides interesting policy options.
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