The Joyless Economy

The Joyless Economy : The Psychology of Human Satisfaction

4.07 (40 ratings by Goodreads)
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Description

Originally published in 1976, this classic work helped to establish the legitimacy of understanding economic behaviour in psychological terms. Its central theme was that, despite the economic abundance that Americans enjoyed in the mid-twentieth century, they were at heart dissatisfied with much of their lives. Mainstream economics could not account for this kind of reaction and Scitovsky sought to explain it in theories that combined economics with psychology. Scitovsky has revised the last chapter and added a new chapter dealing with some contemporary aspects. In addition, Robert Frank, author of Choosing the Right Pond (OUP, 1985) has written a foreword.show more

Product details

  • Hardback | 352 pages
  • 142.24 x 220.98 x 30.48mm | 521.63g
  • Oxford University Press Inc
  • New York, United States
  • English
  • Revised
  • Revised edition
  • line figures and tables
  • 0195073460
  • 9780195073461

Back cover copy

His first four chapters present what remains one of the most artful and accessible summaries of what psychologists know about human motivation. Economists will learn that the concept of utility in economic models corresponds to the psychologist's notion of comfort; and they will see substantial evidence against the idea that people are comfort maximizers.show more

Rating details

40 ratings
4.07 out of 5 stars
5 40% (16)
4 32% (13)
3 22% (9)
2 5% (2)
1 0% (0)
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