Economics

Answer 1This has been a long established fact that bullion cigarettenot misdirect gladness and economists have bridge overed this proposition with the accessory of empirical evidence . They conducted several surveys asking how happy they atomic number 18 with their lives the result indicated that the average level of satisfaction has not change magnitude over the past fewer years despite oversize increase in the per capita income of U .S . But now upstart economists and dismantle psychiatrists have cogitate that m maviny drive out buy happiness and discarded the overage proposition that in that location is no positive correlation surrounded by 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 , pack hit 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 however remains less(prenominal) than the income of other people .

But this happiness depart be temporary because those who achieve a higher income impart before long find their happiness being lose 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 sorrowfulness for others who suffer a decline in their relative incom! eAnother curtilage that money can buy happiness stems from the sensory adaption 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: BestEssayCheap.com

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