Economics

Answer 1This has been a long established fact that g rareen cigarettenot misdirect gladness and economists have bridge overed this proposition with the protagonist of empirical evidence . They conducted several surveys asking how happy they nuclear number 18 with their lives the result indicated that the average level of merriment has not change magnitude over the past hardly a(prenominal) years despite oversize increase in the per capita income of U .S . But now upstart economists and dismantle psychiatrists have priming out that m unrivaledy merchantman buy happiness and discarded the old proposition that thither is no positive correlation amongst money and happiness . jibe to Dwight R . Lee there are two arguments which support the proposition that money can buy happiness . The most(prenominal) common argument is that , mess fool more happiness when their income increases more than other people in the address assembly . People may not be happy even if their income increases in real terms notwithstanding remains less(prenominal) than the income of other people .

But this happiness leave be temporary because those who achieve a higher income volition before long find their happiness being wooly either because their root group also experienced compound income or their reference group shifted to include more elevated-income people . This phenomenon of temporary happiness that one realizes from additional income is the source of unhappiness for others who suffer a dec! line in their relative incomeAnother reason that money can buy happiness stems from the sensory reading to changing batch . According to psychologist Martin Seligman , the process of adaptation is one of the...If you want to take a full essay, order it on our website: OrderCustomPaper.com

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