Abstract

The study of subjective well-being (SWB) has gone from a fringe occupation to the mainstream in the last decade or two. Chapter 1 canvasses various definitions of well-being and argues that its scientific study should adopt a variantist stance where the definition of well-being is context-sensitive. This section should be of interest to economists because Hausman essentially updates and refines old arguments in economics concerning why revealed preference is the most appropriate foundation for welfare analysis. The definition of well-being as SWB that predominates in happiness economics is only one definition and not an uncontroversial one. [Extracted from the article] email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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