Monday, 2 February 2009

A Note on Positive Psychology, Religion and Economic Theory:

One swallow does not make a summer, neither does one fine day; similarly one day or brief time of happiness does not make a person entirely happy (Aristotle). At a time when the global economy is at the brink of collapse, it is interesting to inquire how economic cycles affect our positive psychology:

Does economic contraction entail psychological recession?

Could economic theory not only explain individual motivations but also religious orientations? Could our conceptualisation of God be an 'invisible hand' (see A.Smith, Wealth of Nations) devised so as to fulfill ulterior economic motives?

Could happiness be more dependent on the inward disposition of the mind than on outward circumstances? And could economic theory explain - or even control - such dispositions?

My nescience of contemporary economic literature prevents me from providing suitable answers to these questions. Your views, however, are more than welcome.


DDF09 said...

I think that you'd be able to find extensive research on the relationship between positive psychology and economics - see

DDF09 said...

"… the real problems with economics … arise because economists have no interest in how happy people are and focus instead on their combined purchasing power, assuming their preferences are constant over time. Instead, we need a new economics that collaborates with the new psychology."

Richard Layard, Happiness: Lessons from a New Science