What are the ends of economic activity? According to neoclassical theory, efficient interaction of the profit-maximizing "ideal producer" and the utility-maximi

This book provides insights into how human well-being could be better defined and empirically assessed. It takes stock of and reviews various concepts and measu

Economic growth is a constant mantra of politicians, economists and the media. Few understand what it is, but they love and follow it blindly. The reality is th

Stresses the diversity in both well-being and the approaches to it, distinguishing between subjective and objective assessments. Proposes a comparative and inte

“Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by spea