This work investigates whether subjective human well-being can be measured and modeled using a rigorous mathematical framework known as satisfaction calculus. Bernard van Praag, a prominent economist specializing in the economics of happiness, utilizes extensive survey data and econometric modeling to argue that individual satisfaction levels are quantifiable and comparable across different socio-economic conditions. The text establishes a formal methodology for translating qualitative self-reports into quantitative variables to inform public policy and economic analysis.

Experts recognize this text as a foundational contribution to the field of happiness economics, particularly for its focus on formalizing subjective data. Readers frequently note the high level of mathematical density, making it most suitable for researchers and students with a strong background in econometrics.