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The main hypothesis of the book is that happiness of its people is the real measurement of a country’s economic performance and social progress. Neither increase in GDP nor hyper-consumption can increase happiness after a threshold level. An attempt has been to define happiness or well-being as they determine the quality of life of the people on sustainable basis. The whole book is divided into four parts. Part I defines the concept of happiness and its methods of measurement. Part II explains the main determinants of quality of life. Part III deals with the relationship between economics and happiness. Part IV reviews the theories of Virtue Ethics and the role of major religions of the world in enhancing people’s happiness.