Many researchers use the term “context” loosely to denote diverse kinds of reference points.
The issue is not about terminology but rather about the common conflation of one kind of …

Researchers recognize the affinity of habits-as-heuristics and habits-as-routines. This paper
argues that the affinity should not be surprising, as both kinds of habits are the outcome of …

Easterlin notes a contradiction in the data. While the cross-sectional data set shows that
happiness is a positive monotonic function of income, the time-series data set of high …

The “Stratification-of-Goods” expresses social ranking where the lower status group
consumes almost exclusively coarse goods such as Rambo films while the upper status …

Indeed, one author of the report, Amartya Sen (1999), insists on using the term “wellbeing,”
rather than the old term “utility” or “welfare,” on one hand, and the fashionable new term …

Beside “sympathy”, Adam Smith identifies two lesser known kinds of fellow-feeling:“mutual
sympathy” and “peculiar sympathy”. Mutual sympathy denotes fondness that typifies …

The income–happiness nexus is paradoxical. One dataset shows that happiness tracks
income, while another shows that, in rich countries, happiness does not. This paper focuses …

Friendship-and-love expresses musings about well-being—while the object of the musings,
ie,“well-being,” is the economist's substantive satisfaction. Insofar as altruism is about well …

What is the source of the adulation of the rich-and-powerful? It cannot be benevolence. But
then what is the criterion that delineates adulation from benevolence? This paper argues …

Consumption is a significant part of the Gross Domestic Product (GDP) that is influenced by
income as argued by Keynes and Friedman. This paper empirically estimates the …