The Importance of Happiness in Economic Policy

Focusing on happiness as a central goal has profound implications for economic policy and societal well-being. An economist highlighted that prioritizing happiness can yield significant benefits, citing that well-structured well-being lessons in schools provide benefits up to 27 times their costs, compared to less successful initiatives. This shift towards measuring success by the happiness of citizens, rather than purely economic metrics, can lead to healthier, more productive populations. By directing resources toward initiatives that enhance happiness, societies may experience reduced pressure on public services and improved overall quality of life.