Bernanke defines happiness as major factor in measuring economic progress

“When you’re happy and you know it clap your hands.”

Baltimore Business Journal

Date: Tuesday, August 7, 2012, 6:45am EDT

The chairman of the Federal Reserve System defined the gauging of happiness Monday as a major factor in measuring economic progress, the Miami Herald reported, as analyzed by the Associated Press.

In a video-taped speech to a conference of statisticians and economists in Cambridge, Mass., Ben Bernanke, the Fed chairman, said economics isn’t just about money and material benefits, it’s also about understanding and promoting “the enhancement of well-being.”

 

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