The purpose of the economy should be to provide for the sustainable well-being of people. That goal encompasses material well-being, certainly, but also anything else that affects well-being and its sustainability. This seems obvious and non- controversial. The problem comes in determining what things actually affect well- being and in what ways. There is substantial new research on this “science of happiness” that shows the limits of earning and spending money in supporting well-being. Kasser points out, for instance, that people who focus on material consumption as a path to happiness are actually less happy and even suffer higher rates of both physical and mental illnesses than those who do not. Material consumption beyond real need is a form of psychological “junk food” that only satisfies for the moment and ultimately leads to depression, Kasser says.
|Title of host publication||Ecological Restoration: A global challenge|
|Editors||Francisco A. Comin|
|Place of Publication||Cambridge and New York|
|Publisher||Cambridge University Press|
|Publication status||Published - 2010|