The Illusion of Well-Being (PDF)

Mark D. White is Chair of the Department of Philosophy at the College of Staten Island, City University of New York, USA, where he teaches courses in philosophy, economics, and law. He is the author of four books, including The Illusion of Well-Being (2014) and The Manipulation of Choice (2013), plus over forty journal articles and book chapters in the intersections between his three fields. He has also edited or co-edited a number of books, including Retributivism (2011), The Thief of Time (with Chrisoula Andreou, 2010), and Theoretical Foundations of Law and Economics (2009), and he is the editor of the Perspectives from Social Economics series at Palgrave Macmillan.

“The central arguments in Mark White’s book will be familiar and attractive to those inspired by the work of Friedrich Havek and James Buchanan. … White manages to touch on a wide range of topics that are of central importance to the ethics of economics, economics in ethics, and ethics out of economics. The book would be well suited as a textbook to supplement the classic literature for an undergraduate course on philosophy, politics, and economics.” (Daniel D. Moseley, The Independent Review, Vol. 20 (4), Spring, 2016)

"Happiness may be our most prized objective. But it is elusive, hard-to-measure, and difficult to explain to others, often even to ourselves. White shows why using measures of gross domestic happiness instead of gross domestic product are doomed to fail. He persuasively concludes that governments that respect individual autonomy will do better in the aggregate than hubristic governments that use public conceptions of well-being to override private choices." - Richard A. Epstein, Laurence A. Tisch Professor of Law, New York University, USA; Peter and Kirsten Bedford Senior Fellow, The Hoover Institution, USA; James Parker Hall Distinguished Service Professor of Law Emeritus and Senior Lecturer, The University of Chicago, USA

"Adam Smith famously called out the 'man of systems' in The Theory of Moral Sentiments and warned us in The Wealth of Nations that political power would nowhere be as dangerous as in the hands of those who believe they can direct us in our decisions. Unfortunately, Smith's call for humility in the art of political economy has too often given way to exercises in hubris justified either on pure ideological grounds or on misplaced scientism ground. Mark White is one of the most articulate voices today restating the basic Smithian claim for humility in our political economy. In The Illusion of Well-Being, he tackles recent efforts by the 'men of systems' to develop happiness indicators and to use those indicators to