Happiness and Public Policy: A Challenge to the Profession
指出公共经济学理论未能解释西方人购买力大幅提升但幸福感未增的事实，并引入心理学发现（收入攀比、适应、文化影响）来挑战传统理论，对政策制定者和经济学家有启发。
The theory behind public economics needs radical reform. It fails to explain the recent history of human welfare and it ignores some of the key findings of modern psychology. Indeed these two failings are intimately linked: it is because the theory ignores psychology that it is unable to explain the facts. The fact is that, despite massive increases in purchasing power, people in the West are no happier than they were fifty years ago. We know this from population surveys and other supporting evidence which I shall review. The most obvious explanations come from three standard findings of the new psychology of happiness.1 First, a person's happiness is negatively affected by the incomes of others (a negative externality). Second, a person's happiness adapts quite rapidly to higher levels of income (a phenomenon of addiction). And third, our tastes are not given – the happiness we get from what we have is largely culturally determined.