LSE Business Review blog:
The big factors affecting life satisfaction are all non-economic
12 December 2016
What distinguishes ‘Les Misérables’ from the rest is neither poverty nor unemployment, but mental illness, write Andrew Clark, Sarah Fleche, Richard Layard, Nattavudh (Nick) Powdthavee and George Ward. In 1961, the Organisation for Economic Cooperation and Development (OECD) organised a conference on human capital that propelled education into the centre of policymaking worldwide. This month, the OECD and the London School of Economics (LSE) are holding a conference on subjective wellbeing that they hope will usher in another revolution – where policymaking at last aims at what really matters, the happiness of the people.