The Economics and Psychology of Happiness: The LIFE Framework and Sustainable Development

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Lok Sang Ho

The Economics and Psychology of Happiness

The LIFE Framework and Sustainable Development

Lok Sang Ho

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English

Routledge
29 August 2025

Psychological theory & schools of thought; Economic theory & philosophy; Psychotherapy

This book applies the analytical framework used by economists to investigate how one can make the most out of one’s life, thus achieving happiness and fulfilment.

Building upon the author’s earlier work, this book blends the classic theories and empirical evidence of positive psychology with economic concepts of choice, capital, information costs, and household production. It includes topics including happiness at work, corporate culture, and sustainable development, which are at the forefront of this interdisciplinary field. Every chapter is accompanied by a summary of key points, as well as reflective questions for students.

This book will interest researchers and students in happiness economics and positive psychology, and anyone keen to learn more about living fuller, happier lives.

By: Lok Sang Ho
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 590g
ISBN: 9781032829579
ISBN 10: 1032829575
Pages: 215
Publication Date: 29 August 2025
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Table of Contents Acknowledgements Foreword Preface Chapter 1. Introduction to the Economics of Life Chapter 2. Human Nature: Human Needs, Character Strengths and Weaknesses Chapter 3. Love and the Economics of Love Chapter 4. The Role of Culture in Household Production and Sustainable Development Chapter 5. Mental Capital and Habit Formation, with a digression to Spritual Capital Chapter 6. The Happiness Formula, the Role of Voluntary Action, and Values in Action Chapter 7. Marriage, Mental Capital and Happiness Chapter 8. Insight and Fortitude Chapter 9. Engagement and Self-Actualisation: Vanity versus Achievement and Self-Worth Chapter 10. Three Happiness and Holistic Personal Growth as Success Chapter 11. Regrets and Worries, Stresses, Too Many Choices, and other Negative Emotions Chapter 12. Corporate LIFE and Happiness at Work Chapter 13. Psychometric Properties of LIFE Mental Capital Scale across Different Populations Epilogue

Lok Sang Ho, a past President of The Hong Kong Economic Association, was Director of the Pan Sutong Shanghai- HK Economic Policy Research Institute and Head of the Economics Department, Lingnan University, Hong Kong. Presently an Adjunct Professor of the Academy for Applied Policy Studies and Education Futures of the Education University of Hong Kong, his research spans many areas, from housing to education to psychology to international finance. He has authored several books including Psychology and Economics of Happiness, Public Policy and the Public Interest, and Health Policy and the Public Interest.