As we approach another week holiday shopping a lot of us are disheartened by increasing commercialism at Christmas. And again we ask: Can money buy happiness?
Well back in 1974 something called the Easterlin Paradox answered this question. It was economist Richard Easterlin who discovered that high incomes are correlated with lots of happiness. But over the long term there’s this point at which increased income doesn’t correlate with increased happiness. This is the paradox.
Just last week Easterlin published in the Proceedings of the National Academy of Science an update on his famous paper.
To read the full, original article click on this link: More Money Doesn't Mean More Happiness: Scientific American Podcast
