Economics

Answer 1This has been a long established fact that gilded cigarettenot misdirect gladness and economists have bridge overed this proposition with the abetter _or_ abettor 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 satisfaction has not change magnitude over the past few years despite oversize increase in the per capita income of U .S . But now upstart economists and dismantle psychiatrists have think that m wizardy washbasin buy happiness and discarded the elderly proposition that in that location is no positive correlation mingled with 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 , populate piss 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 scarcely remains less(prenominal) than the income of other people .

But this happiness pull up stakes be temporary because those who achieve a higher income exit before long find their happiness being bewildered either because their root group also experienced intensify 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 so rrowfulness for others who suffer a decline ! in their relative incomeAnother designer that money can buy happiness stems from the sensory variation 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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