Tags » Richard Easterlin

Economics as if Utility Really Mattered

When typical measurements make your economy look like a failure, politicians tend to look for alternate report cards.

Last year, British Prime Minister David Cameron called for his government to start measuring psychological and environment well-being.* Two years ago, French President Nicholas Sarkozy commissioned prominent economists to come up with alternatives to GDP that better mirrored national well-being. 951 more words

Choose Sex Over Money

How much money buys happiness? A wide body of research suggests the number is approximately forty thousand dollars a year. Daniel Gilbert, professor of psychology at Harvard University, says once you have enough money to meet basic needs — food, shelter, but not necessarily cable “incremental increases have little effect on your happiness. 741 more words

It’s the Timing, Stupid

Cross-Sections Are History

Richard Easterlin (University of Southern California)


Although cross section relationships are often taken to indicate causation, and especially the important impact of economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader-follower country patterns for variables that are causally unrelated.

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Method & Epistemology In History

Let's Talk About $$$

Can money buy happiness?
It’s hard to say: some say it can, some say it can’t.

Let’s take a look. In the 1970s, Richard Easterlin found the following: 322 more words

Money Buys Happiness and You Can Never Have Too Much, New Research Says

Americans have a peculiar conviction that the one thing money can’t give us is satisfaction. You can’t buy happiness, we’ve all been told. “Mo Money Mo Problems”, Biggie concurred. 81 more words


For China, Economic Growth Doesn’t Always Equal Happiness



A woman washes clothes next to a railway near a shanty town in Shenyang, China

When Bo Xilai… 757 more words


For China, Economic Growth Doesn't Always Equal Happiness

When Bo Xilai, the rising Chinese Communist Party official who was purged in March, gave his last public comments before disappearing into detention, he was wrong about a lot of things. 711 more words