Heinz Welsch is Professor Emeritus of Economics at the University of Oldenburg, Germany. He formerly held positions at the universities of Cologne and Bonn. His fields of research include environmental, resource, and energy economics; economics of subjective wellbeing; and the role of norms and values for economic behavior. He has published extensively on these topics. His publications on "environment and happiness" were among the first contributions to this field.

• 1. Introduction: Economics and the Challenges Ahead Part I: Welfare, Wellbeing, and the Environment 2. Measuring Welfare 3. Economic Determinants of Wellbeing 4. Wellbeing and the Environment Part II: Economics, Morality and the Challenges Ahead 5. Ethics and Economics 6. The Corporation Dilemma and Deontological Behavior 7. Morality in Modern Economics 8. Prospects and Future Directions

Heinz Welsch is Professor Emeritus of Economics at the University of Oldenburg, Germany. He formerly held positions at the universities of Cologne and Bonn. His fields of research include environmental, resource, and energy economics; economics of subjective wellbeing; and the role of norms and values for economic behavior. He has published extensively on these topics. His publications on "environment and happiness" were among the first contributions to this field.

• 1. Introduction: Economics and the Challenges Ahead Part I: Welfare, Wellbeing, and the Environment 2. Measuring Welfare 3. Economic Determinants of Wellbeing 4. Wellbeing and the Environment Part II: Economics, Morality and the Challenges Ahead 5. Ethics and Economics 6. The Corporation Dilemma and Deontological Behavior 7. Morality in Modern Economics 8. Prospects and Future Directions

Heinz Welsch is Professor Emeritus of Economics at the University of Oldenburg, Germany. He formerly held positions at the universities of Cologne and Bonn. His fields of research include environmental, resource, and energy economics; economics of subjective wellbeing; and the role of norms and values for economic behavior. He has published extensively on these topics. His publications on "environment and happiness" were among the first contributions to this field.

• 1. Introduction: Economics and the Challenges Ahead Part I: Welfare, Wellbeing, and the Environment 2. Measuring Welfare 3. Economic Determinants of Wellbeing 4. Wellbeing and the Environment Part II: Economics, Morality and the Challenges Ahead 5. Ethics and Economics 6. The Corporation Dilemma and Deontological Behavior 7. Morality in Modern Economics 8. Prospects and Future Directions