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Revisiting the economy by taking into account the different dimensions of well-being

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  • Becchetti, Leonardo

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

Abstract

In standard economic models benevolent governments are the unique actors in charge to tackle the problem of reconciling individual with social wellbeing in presence of negative externalities and insufficient provision of public goods. Some promising practices of grassroot economics suggest however that, even a minoritarian share of concerned individuals and socially responsible corporations which internalise externalities, significantly enhance the opportunities of promoting "sustainable happiness" harmonising creation of economic, social and environmental value.

Suggested Citation

  • Becchetti, Leonardo, 2009. "Revisiting the economy by taking into account the different dimensions of well-being," AICCON Working Papers 60-2009, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    • Handle: RePEc:ris:aiccon:2009_060
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    More about this item

    Keywords

    well-being; sustainable happiness; role; ethical and solidarity initiatives;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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