The concept of an economics of happiness rather than an economics of growth is picking up steam as Jeff Sachs throws his weight behind it.
It's a short post and cuts to the chase.
The mad pursuit of corporate profits is threatening us all. To be sure, we should support economic growth and development, but only in a broader context: one that promotes environmental sustainability and the values of compassion and honesty that are required for social trust. The search for happiness should not be confined to the beautiful mountain kingdom of Bhutan.
Read it all at Project Syndicate, The Economics of Happiness.
UPDATE: Jeffery Sachs at Huffington Post, America and the Pursuit of Happiness