Microeconomics of Wellbeing and Sustainability (eBook)

The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative-not heterodox-view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges. - Marries criticism of the neo-classical model with empirical work on the possibilities of alternative frameworks for action - Links new ideas (homo reciprocans, happiness, relational goods) to established microeconomic concepts (the market, perfect and imperfect competition, utility maximization) - Devotes specific attention to relevant elements in economic history, explaining how we evolved to the current paradigm and to its challenge

Leonardo Becchetti is professor of Economics and Director of the Master in Development Economics and International Cooperation at the University of Rome 'Tor Vergata”. He is among the first 100 authors in the RePEc world ranking for number of journal pages published and 'betweenness”, an indicator that measures the degree of proximity among registered authors in the world network. His main research topics are behavioural economics, social capital and social norms, economics of happiness, corporate social responsibility growth and economic wellbeing.

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The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative-not heterodox-view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges. - Marries criticism of the neo-classical model with empirical work on the possibilities of alternative frameworks for action- Links new ideas (homo reciprocans, happiness, relational goods) to established microeconomic concepts (the market, perfect and imperfect competition, utility maximization)- Devotes specific attention to relevant elements in economic history, explaining how we evolved to the current paradigm and to its challenge