HAPPINESS AND ECONOMIC DEVELOPMENT

Abstract

This article is about the relation between the concept of happiness and economic development. Today social values aimed at achieving profit, which causes a negative change in public attitudes due to their continued dominance over such qualities as justice, honesty, trust, love. Eventually, it becomes clear that such an economy has no prospects. As the only possible alternative is "Economics of happiness", in which it will be possible to equitable socio-economic development that will create opportunities to meet both material and spiritual aspects of life. Key worlds: economy of happiness, value, emotional well-being, life satisfaction, subjective economic well-being.