sˌʌm sˈiː ðɪs æz ðə bɪɡˈɪnɪŋ ʌvðə nˈuː ænd nˈaʊ lˈɑːɹdʒ mˈɑːdɚn lˈɪɾɚɹᵻtʃɚ baɪ ɪkˈɑːnəmˌɪsts ˌɔn wˈɛlbˈiːɪŋ; ðɪ ˈɜːli sˈɛmɪnəl wˈɜːk, ɪnðə nˈaɪntiːnhˈʌndɹɪd sˈɛvənti z, wˌɪtʃ wʌz ɪɡnˈoːɹd baɪ ɪkˈɑːnəmˌɪsts fɔːɹ tˈuː dˈɛkeɪdz, wʌz baɪ ɹˈɪtʃɚd ˈiːstɚlˌɪn nˈaɪntiːnhˈʌndɹɪd sˈɛvənti fˈoːɹ.
Some see this as the beginning of the new and now large modern literature by economists on well-being; the early seminal work, in the 1970s, which was ignored by economists for two decades, was by Richard Easterlin (1974).