Questioning the 'subjective well-being' concept: Distinguishing wellbeing and happiness.

This paper criticizes the "subjective well-being" concept, as this concept eliminates the difference between wellbeing and happiness. This paper proposes that wellbeing and happiness are two gauges of satisfaction that measure different quantities. It establishes its proposed thesis by examining how the social welfare function (SWF) accommodates altruism as opposed to caring understood as love.