Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 30 July 2021

Abstract and Keywords

The goal of this article is to explore some fundamental assumptions underlying subjective measures of well-being, as compared to more traditional economic measures. Its main thesis is that psychologists and economists have sharply different philosophical commitments, a fact that is seldom made explicit. Although it is perfectly reasonable for social and behavioral scientists to be wary of spending too much time thinking about the philosophical foundations of their enterprise, there are moments when it is eminently useful to do so. In this case, this article maintains, there is good reason to attend to these foundations, since they are directly relevant to the assessment of the various measures. A better grasp of fundamental commitments, this article argues, goes a long way toward explaining why psychologists' and economists' efforts to measure welfare or well-being are so different, and why there is relatively little fruitful communication and collaboration across fields.

Keywords: economic measures, psychologists, economists, behavioral scientists, communication

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.