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2013•Global Business and Economics ReviewRequires access

Does freedom lead to happiness? Economic growth and quality of life

Nina Gorovaia, Stavros A. Zenios

Open publisher page 5 citations

Abstract

The preoccupation with economic growth has not led to increase in happiness in the developed world. More than that, the world experienced the worst financial crisis of 2008 since the Great Depression. We draw on Sen’s work Development as Freedom and research on economics of happiness to explore the situations when increasing instrumental freedoms have not resulted in overall increase in happiness. The prescriptive part of the paper offers some solutions to the problem.

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What this paper is about

The preoccupation with economic growth has not led to increase in happiness in the developed world. More than that, the world experienced the worst financial crisis of 2008 since the Great Depression. We draw on Sen’s work Development as Freedom and research on economics of happiness to explore the situations when increasing instrumental freedoms have not resulted in overall increase in happiness. The prescriptive part of the paper offers some solutions to the problem.

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OpenAlex reports 5 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

The preoccupation with economic growth has not led to increase in happiness in the developed world. More than that, the world experienced the worst financial crisis of 2008 since the Great Depression. We draw on Sen’s work Development as Freedom and research on economics of happiness to explore the situations when increasing instrumental freedoms have not resulted in overall increase in happiness. The prescriptive part of the paper offers some solutions to the problem.

Key concepts: Happiness, Economic freedom, Economics, Quality of life (healthcare), Work (physics), Lead (geology), Depression (economics), Quality (philosophy)

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