Economics (Theory and Philosophy) – Page 2

Richard A. Easterlin, ‘Father of Happiness Economics,’ Dies at 98

He put forth the so-called Easterlin paradox, finding that the richer you are doesn’t mean the more satisfied you’ll be with your life.

By Trip Gabriel

The term refers to what we have internalized as the fair price for a product or service. It’s often out of sync with what things now actually cost.

By Talmon Joseph Smith

On average, wages have risen faster than prices in recent years. But not all Americans are getting ahead.

By Ben Casselman

Daron Acemoglu, Simon Johnson and James Robinson shared the award for their work on explaining the gaps in prosperity between nations.

By Jeanna Smialek