HUMAN HAPPINESS (original) (raw)

ECONOMIC DEVELOPMENT AND HUMAN HAPPINESS

Human happiness is based on the overall development of an economy, which is also supported by world happiness index which includes gross domestic product per capital, life expectancy and social support and Freedom. Happiness is considered a proper measure of social progress and goal of public policy. The concept of happiness and well-being are very likely to help guide progress towards sustainable development. If we talk about economic development, it includes overall development of an economy i. e. growth in National income, health facility, education facility and government policy etc. India ranks 117 out of 158 nations on global happiness index. The other countries in top five are Switzerland, Iceland, Denmark, Norway and Canada. By Press trust of India, United published on April 24, 2015. It is a big thing to study, that why there is a big difference among countries. Many LDCs (Lower developed countries) face the problems to decrease the gap among different income groups. The cause of this problem is lack of resources which fulfils the basic need. The study focuses on all facts which affect Indian Economical development, and human happiness. INTRODUCTION If we talk what makes people happy in life? This is a crucial question that has the potential to shake up economic development of an economy. If a person enjoys all the facilities provided by the government and he says that he is happy in his life the thing is that human happiness depends upon the gross domestic product of an economy, life expectancy, social support and freedom. It also considers a proper measure of social pro gress and goal of public policy, and all conditions that make a person happy. Economic development refers to the process whereby the people of the country or region come to utilize the resources available to bring about a sustained increase in per capita production of goods and services; it also includes improvement in health facilities, education facilities, and also increases in National income. There are two terms one is economic growth and the second economic development where Economic growth is a quantitative concept which includes increase in national income, per capita income, while economic development is a qualitative concept which includes o ver all development of people of a country. If we talk about the relation blow economic development and human happiness, we can say that human happiness is totally based on economic development because the terms of economic development and human happiness are same.

Management & Development of Happiness - A Priority in Socio-Economic Development

SSRN Electronic Journal, 2005

If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence, depending upon the size of subsequent objects. Like a Magical Demo, at any point of time the jar is not full, till the smallest fills it to a saturated level. If the order of the objects are reversed, then it ends in filling it at the starting point, without any space to fill further. Happiness in life is a Logical Info similar to this Demo. If one fills the bigger priority needs in the life, then there will be enough capacity to fill relatively smaller needs in sequence, to attain progressive happiness. It ends in frustration, if the order of priority is changed. Even though some feel that money can buy happiness, the majority opinion is that money cannot bring happiness, and it can induct problems as well. In the Economic scenario, GDP is used as an index to measure the progress. But from the point of view of peoples' happiness, which is an essential socioEconomic Development need, GDP is vague relation builder. Governments and Private corporate sectors in different developed nations do have attempted to induct more happiness to their employees, by ensuring more money generation opportunities, lower working hours, increased fringe benefits etc… But, frustration and depression seem to be increasing in proportion to the Tangible wealth gain. Also the priority needs of households change over a period of time, and people feel happy by comparing their possessions relative to others around. It is because, the Tangible (TEE) wealth generation is dribbled (filtered) by Intangible (EYE) feelings of Happiness and satisfaction.

Happiness as A New Paradigm for Development and Public Policies: A Summary of the Synthesis

If happiness is the ultimate goal of human beings, the development paradigm needs to be rethought. Development should not only be about economic prosperity-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 redesigned to increase individual and societal happiness.

Happiness as a New Paradigm for Development and Public Policies

2007

Economic Development and Human Happiness Creates a Quality Growth at Global Level

2016

The era of GNP and GDP has been characterized by a huge global rise in living standards and in wealth. At the moment, though, GDP is embattled. Economists and national leaders are increasingly talking about measuring a country’s status with other metrics and even with a squishy-seeming concept like “happiness.” Any GDP expansion should “focus on economic aspects of non-market and near-market activities and not attempt to measure the welfare effect of such interactions.” Even then, they warned, “it is critical that such an expansion of the scope of the accounts not occur at the expense of funds needed to maintain, update, and improve the existing GDP accounts.” Money can’t buy happiness. But it could perhaps buy the ability to measure it. So we need to improve social indicators to make society happy. This study is conducted to explore how economic development and happiness is interrelated to each other and that help many countries in their planning, strategies and policies to overcom...

Happiness , Human Development , and Economic ( De ) Growth

2020

ISSN: 2532-4969 doi: 10.26331/1088 Happiness is not just a pleasurable experience to pursue as a goal, as hedonism prescribed. Human development does not simply mean health, formal education, and economic growth, as the UNDP’s index suggests. This paper proposes a new definition of ‘human development’: an increase in individual human skills that interact with the social and economic context in order to enable people to be the agents of their own lives, and then happy because satisfied with themselves. The hedonistic happiness-as-a-goal and this happiness-as-a-process are thus distinguished as two pathways to happiness with different properties and implications. The paper finally argues that while degrowth, as advocated for ecological reasons, may damage human development, policies for individual human development can encourage ecological behaviour. ABSTRACT HAPPINESS, HUMAN DEVELOPMENT, AND ECONOMIC (DE)GROWTH

Finding a path for happiness in the context of sustainable development: a possible key

International Journal of Sustainable Development & World Ecology, 2019

Sustainable development does not prosper in unhappy societies, as it is a direct indicator of well-being and inequality. As part of well-being, the pursuit of happiness should be understood as a fundamental human goal for all nations and integrate the public policy objectives. The aim of this study is to find the variables explaining happiness in order to provide scientific knowledge to be addressed in public policies. Although the literature suggests that happiness is predicted by multiple factors, the proposed hypothesis suggests the existence of an overlapping model in the different databases, whose common factors stand out from a panoply of other factors as determinants of happiness. Data were collected from three international and reliable databases and a multivariate analysis was conducted. It was found absence of a significant association between happiness and other aspects of existence, considered as determinants of happiness, namely, religion, work and significant others. It was also found that satisfaction with life and health are the main contributors to happiness, considering that the material issues of existence also explain happiness, although in a less expressive way. These variables can be the key to happiness. Investing in health policies, guaranteeing access to adequate income and freeing people from material constraints, involving body and money, may allow people to focus on the higher needs of the Maslow pyramid, and this may eventually lead to greater happiness.

ECONOMIC DEVELOPMENT AND HAPPINESS: A CROSS-NATIONS PATH ANALYSIS

This paper analysis direct and indirect impacts of economic development indicators that consist of economic growth, human development and global competitiveness, on happiness. Cross-section data on economic growth, human development, global competitiveness and happiness were collected from 123 countries and employed to a path analysis model. The result showed that directly, in Path-1 the impact of economic growth on happiness was negative and significant. Indirectly, the impacts of economic growth on happiness varied depend on the path. In Path-7, P43-P31, the impact of economic growth on happiness through global competitiveness was positive and significant. In Path-8, P43-P32-P21, the impact of economic growth on happiness through global competitiveness and human development was negative, but statistically was not significant. Finally, in Path-9, P42-P21, the impact of economic growth on happiness through human development was negative but statistically was not significant. The implication of this finding was that economic growth no longer important factor in development, especially when development aimed to make people happy.

The relationship between economic growth and happiness

Pressacademia, 2021

Purpose-The purpose of this study is to analyze the relationship between economic growth (or economic performance) and happiness (life satisfaction, well-being). Happiness economics is a very contemporary research field, attracting economists, sociologists, psychologists and other scientists to investigate it, yet there is many rooms for exploration. Money is not everything, so how much does it matter precisely? This debate has divided the researchers in two parties: the ones who are arguing that economic growth and happiness go hand in hand and the ones who say that there is no relationship between these two concepts and because of this fact the constant aspiration for economic growth lost its meaning, and does more harm than benefit. Methodology-We started by analyzing the accurate and detailed definition of the GDP and include information about it in order to better understand its function and applicability. In the following, we have analyzed the concept of happiness, the way it can be defined and measured. Then, we have analyzed the given economic theories which relate to these two concepts and describe a relationship between them. We analyzed four countries (Denmark, Costa Rica, Romania, and India) mostly based on their economic and well-being situation, and the available indicators which have an effect on well-being. We examined these countries because two of them had a very high level of wellbeing, one had a medium level and one had a low level of well-being. There were examples where the money had a good effect on happiness and also where not. In Denmark and Costa Rica money was not the only (or any reason) because for the high level of well-being, other factors, not really related to money, were high as well. In Romania, the GDP and happiness have increased at the same time. In India, the increasing GDP has brought in fact diminishing happiness. Findings-In our paper, we have found out that there are various theories built upon this question, as controversial studies and opinions. Some researchers say that GDP has no effect on the level of well-being. On the contrary, more recent studies generally prove the other side, that GDP and happiness go hand in hand. There was one common factor in almost every research: money has a diminishing marginal utility on happiness, for a very poor country additional income does bring a high level of happiness, but for a very rich country it is almost invisible. It needs to be mentioned that growth and development do not concern just quantitative increases in production, consumption, income, or any other measures. They generally also involve qualitative changes, like education, healthcare, or political freedom. These factors certainly develop the level of well-being in a country, and for their development, there is a need for economic growth. On the other hand, economic growth does not guarantee the development of these factors, as we can see in the example of India. In my opinion, the best approach is not to focus on economic growth anymore, but on the question, how could we use this growth in GDP in order to improve our conditions and make people happier? Conclusion-Meanwhile measuring happiness is much more complex, although we have many measures trying to assess it: Gross National Wellbeing, Happiness Index, Genuine Wealth Index Happy Planet Index, OECD Better Life Index, Human Development Index, Well-being index, Social Development Index, and many others, but they are not widely accepted because of their subjectivity and non-accuracy. Even more, it is much more difficult to improve these measures in a country because they depend on many factors, some of which are not even entirely clarified than to improve GDP, which relies on objective, strictly numerical measures. The starting point of nearly every happiness and welfare measure is self-reported happiness, which given its nature is very subjective. This fact again provokes skepticism and antipathy in many people's minds and tends to state that these measures are not relevant and should not be based upon. Economic growth is one indicator that is widely used and analyzed, but happiness indicators are not so frequently discussed. On the other hand, we think there is a need to do it, that is why there is an emerging interest among researchers towards it.

HUMAN HAPPINESS (original) (raw)

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