2023 March 02
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02/03/2023
Happiness matters. The quest for happiness is an elementary life force and an inherent part of steady state economies. Many fear that reducing material consumption will bring a decline in happiness. We do not like to lose what we already have. Recession and income loss tend to hurt.
02/03/2023
From a historical perspective, we should be living in the happiest of all worlds. Ours is a culture ostensibly centered around happiness: The mainstream neoclassical economic system aims to maximize pleasure (utility) for all, and is based on the assumption that we humans seek the greatest pleasure and the least pain, and that this quest is the main driver of our actions.