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When people’s income are low and at the survival, starvation level, then having enough to eat just to survive is very important. But once you are beyond the survival, and some level of comfort, then recent happiness studies show that further increase in consumption in income is not that important to increase your happiness. And hence in my view, the more important issue...would be environmental economics. Because we are facing an environmental problem, which could become a catastrophe for the world. It could cause global extinction. Then that means that helping the world to survive — to overcome say the climate change crisis — in my view this is the most important area in economics. (en) |
