BEHAVIORAL APPROACH TO THE SUSTAINABILITY OF THE SOCIOECONOMIC ORDER Cover Image

ПОВЕДЕНЧЕСКИ ПОДХОД КЪМ УСТОЙЧИВОСТТА НА НАСТОЯЩИЯ СОЦИОИКОНОМИЧЕСКИ РЕД*
BEHAVIORAL APPROACH TO THE SUSTAINABILITY OF THE SOCIOECONOMIC ORDER

Author(s): Teodor Sedlarski
Subject(s): Economy, National Economy, Socio-Economic Research
Published by: Софийски университет »Св. Климент Охридски«
Keywords: socioeconomic order; institutions; hedonic treadmill; subjective wellbeing; relative income; conspicuous consumption; adaptation-level theory; social status; prospect theory;

Summary/Abstract: This article elaborates on the ability of the socioeconomic system based of free markets to provide the expected result associated with it – sustainable levels of subjective wellbeing. Concepts from emerging research fields such as happiness economics, economics of social status, behavioral economics are used to shed light on often overlooked effects that accompany the increased freedom of choice, social mobility and material abundance.

  • Issue Year: 16/2018
  • Issue No: 1
  • Page Range: 269-290
  • Page Count: 22
  • Language: Bulgarian