ARE we happy yet? (so Leon Gettler asks)
That seems to be the lingering question raised by the expanding slew of studies into the links between happiness and wealth.
Ever a jolly bunch, economists are now conducting all sorts of regression analyses, crunching statistics measuring utility, a coin termed by the 18th century philosopher Jeremy Bentham and John Stuart Mill who followed. They were the ones talking about maximising the greatest happiness for the greatest number of people.
So now the dismal science is throwing up concepts such as the indifference curve and, yes, utility is measured in utils.
Basically, a lot of the research seems to say that wealth doesn’t bring happiness, and that it’s not how much money you have, but how you measure up against your peers…
Does that sound familiar to you?
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