The diminishing utility of economic growth: From maximizing security toward maximizing subjective well‐being
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Critical Review 10 (4):509-531 (1996)
Abstract Twenty years ago, Tibor Scitovsky questioned the assumption, embedded in neoclassical economics, that human happiness will be augmented if the level of consumption either rises or becomes more uniform over time. Evidence from the 1990?1993 World Values Survey suggests that his doubts were well?founded: although economic gains apparently make a major contribution to subjective well?being as one moves from societies at the subsistence level to those with moderate levels of economic development, further economic growth seems to have little or no impact on subjective well?being. This transition seems to reflect a basic cultural change that results in the diminishing marginal utility of economic growth.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Adam Fforde (2005). Persuasion: Reflections on Economics, Data, and the 'Homogeneity Assumption'. Journal of Economic Methodology 12 (1):63-91.
Symphorien Ntibagirirwa (2009). Cultural Values, Economic Growth and Development. Journal of Business Ethics 84 (3):297 - 311.
Nevin Cavusoglu & Edinaldo Tebaldi (2006). Evaluating Growth Theories and Their Empirical Support: An Assessment of the Convergence Hypothesis. Journal of Economic Methodology 13 (1):49-75.
Don Ross (2010). Economic Models of Pathological Gambling. In D. Ross, D. Kincaid, D. Spurrett & P. Collins (eds.), What is Addiction? Mit Press. 131--158.
Norton Garfinkle (2005). Supply‐Side Vs. Demand‐Side Tax Cuts and U.S. Economic Growth, 1951–2004. Critical Review 17 (3-4):427-448.
Vincent Wiegel (1997). On the Compatibility of Sustainability and Economic Growth. Environmental Ethics 19 (3):247-265.
Rudi M. Verburg & Vincent Wiegel (1997). On the Compatibility of Sustainability and Economic Growth. Environmental Ethics 19 (3):247-265.
Nicolai J. Foss (1998). The New Growth Theory: Some Intellectual Growth Accounting. Journal of Economic Methodology 5 (2):223-246.
Richard Vedder (2006). Taxes, Growth, Equity, and Welfare. Social Philosophy and Policy 23 (2):53-72.
Warren J. Samuels (1993). The Growth of Government. Critical Review 7 (4):445-460.
John B. Davis (1995). Personal Identity and Standard Economic Theory. Journal of Economic Methodology 2 (1):35-52.
Added to index2011-10-18
Total downloads18 ( #93,241 of 1,101,623 )
Recent downloads (6 months)1 ( #292,019 of 1,101,623 )
How can I increase my downloads?