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Mohammad Mohammadipour

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Can Money Buy Happiness?

Maybe more cash does make people happier. Especially salient are analyses done by University of Pennsylvania economists Daniel Sacks, Betsey Stevenson, and Justin Wolfers. In their updated 2010 study, “Subjective Well-Being, Income, Economic Development and Growth,” the three compare subjective well-being survey data from 140 countries with those countries' income and economic growth rates. The researchers find that within individual countries richer people are happier than poorer; people in richer countries are happier than people in poorer countries; and over time increased economic growth leads to increased happiness. “These results together suggest that measured subjective well-being grows hand in hand with material living standards,” they conclude..

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  • Feb 19 2013: Were people ever happy before money was around?
    • Feb 24 2013: Hard to know, money (currency for exchange or consideration in exchange) has been with us since the beginning of times. Money does not entail Jefferson photo in a piece of paper or JuliusCaesar in a bronze coin not even a pack of wheat, means a consideration for exchange of other goods, value in exchange for vlaue, hence money was not invented but iis part of a path to civillized exhange of goods instead of killing each other for it, therefore since ancient times we learned to exchange goods and became part of our way of life, in sum..money..now has people been happy before and after the use fo value for exchange? yes.

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