About this book
Overview
Happiness, revolution of economicsb Measuring the actual happiness of an individual is the key to interpreting economic behavior and establishing economic policies. b The pioneer of happiness economics is the result utility of cost and benefit And that the measurement of individual subjective well - being, or happiness, is the key to interpreting economic behavior and establishing economic policy. He showed that although the study of happiness did not yet reach the perfect stage, it is important to quantify the utility of economic behavior as a clear measure of subjective well-being, contrary to the existing economics claim that utility can not be measured And that it has identified enough potential to bring about changes in economic theory and policy. That alone is enough to say that the revolution in economics has already begun, and that it can contribute to establishing economic policies at the level of welfare and welfare by identifying what is the sustainable happiness requirement. In this sense, Frys book is of great significance to Korean economists, policy makers, and citizens who are struggling between the two issues of growth and welfare today.
