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| Induct the welfare variables into decision: the hedonomics complement of personal economic behavior to utility maximization |
| GU Ming-yi Bocheng Yin |
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Abstract Many researches doubt whether wealth necessarily increases welfare. Hedonomics changes the rule of utility maximization in the traditional economics, indicating that welfare maximization is the destination of human behavior decisions. The paper analyzes the difference between hedonomics and other economic theories about the utility maximization curve, and then puts forward some suggestions on microeconomic personal behaviors by applying hedonomics knowledge in order to improve welfare.
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Received: 03 June 2009
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Corresponding Authors:
GU Ming-yi
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2009, Vol. 1 
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