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Life, Liberty and the Pursuit of Utility: Happiness in Philosophical and Economic Thought.(Book review)

Journal of Economic Issues

| September 01, 2007 | Peukert, Helge | COPYRIGHT 1999 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Life, Liberty and the Pursuit of Utility: Happiness in Philosophical and Economic Thought, by Anthony and Charles Kenny. Exeter: Imprint Academic. 2006. Paper: ISBN 1845400526, 17.95 [pounds sterling], $ 34.90. 227 pages.

The authors, Anthony (Oxford) and Charles Kenny (Washington DC), attempt to combine economics and philosophy in the consideration of happiness. The book has three main constituents: welfare, contentment, and dignity. The central thesis is "that income is a poor proxy for any of these. Beyond some minimal level, increasing income appears at best weakly correlated with improvements of welfare, dignity or contentment within or across countries over time" (p. 9).

In the long first chapter, philosophies of happiness are delineated: Aristotle, the Epicureans, the Stoics, St. Augustine, Bentham, Kant et al. It is a great intellectual pleasure to read the chapter: focused on the essential points, witty, profound but well understandable, the reader feels the moral…

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