The Economics of Well-Being: Rethinking Growth, Happiness, and Human Flourishing
The economics of well-being rethinks economic progress by asking not only how much societies produce, but whether that production actually enlarges the conditions for human flourishing. This article examines the limits of GDP, the rise of happiness economics, the capabilities approach, and the growing use of well-being indicators in public policy. It also connects behavioral economics and positive psychology to broader questions of trust, health, inequality, institutional quality, and sustainable development. The result is a more serious account of economic life: one in which prosperity is judged not by output alone, but by whether societies create the durable material, social, and institutional conditions under which people can genuinely live well.









