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Three Revolutions of the Modern Era

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  • Easterlin, Richard A.

    (University of Southern California)

Abstract

The emergence and evolution of modern science since the 17th century has led to three major breakthroughs in the human condition. The first, the Industrial Revolution, started in the late 18th century and is based chiefly on developments associated with the rise of the natural sciences. The second, the Demographic Revolution, began in the latter half of the 19th century and is largely the result of progress in the life sciences. The third is a Happiness Revolution that commenced in the late 20th century and is the outgrowth of the social sciences. The first two revolutions, both familiar concepts, are summarized briefly; this paper develops the rationale for the third, the Happiness Revolution. It also notes the implications of this perspective for the interpretation of international cross-section studies.

Suggested Citation

  • Easterlin, Richard A., 2019. "Three Revolutions of the Modern Era," IZA Discussion Papers 12435, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp12435
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    References listed on IDEAS

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    1. Easterlin,Richard A., 2006. "The Reluctant Economist," Cambridge Books, Cambridge University Press, number 9780521685115, October.
    2. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-1831, November.
    3. Andrew E. Clark, 2018. "Four Decades of the Economics of Happiness: Where Next?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(2), pages 245-269, June.
    4. Lant Pritchett & Lawrence H. Summers, 1996. "Wealthier is Healthier," Journal of Human Resources, University of Wisconsin Press, vol. 31(4), pages 841-868.
    5. Joel Mokyr, 2005. "The Intellectual Origins of Modern Economic Growth," Springer Books, in: Alberto Quadrio Curzio & Marco Fortis (ed.), Research and Technological Innovation, pages 17-80, Springer.
    6. Angus Deaton, 2008. "Income, Health, and Well-Being around the World: Evidence from the Gallup World Poll," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 53-72, Spring.
    7. Mokyr, Joel, 2005. "The Intellectual Origins of Modern Economic Growth," The Journal of Economic History, Cambridge University Press, vol. 65(2), pages 285-351, June.
    8. Easterlin, Richard A., 2016. "Happiness, Growth, and the Life Cycle," OUP Catalogue, Oxford University Press, number 9780198779988 edited by Hinte, Holge & Zimmermann, Klaus F..
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    Cited by:

    1. Gabriel Leite Mota, 2022. "Unsatisfying ordinalism: The breach through which happiness (re)entered economics," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(3), pages 513-528, June.

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    More about this item

    Keywords

    happiness; Demographic Revolution; Industrial Revolution; Scientific Revolution; cross section;
    All these keywords.

    JEL classification:

    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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