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Latest Easterlin paradox Stories

2013-11-29 12:59:21

Economists have shed light on the vexed question of whether economic development can buy happiness – and it seems that life satisfaction actually dips among people living in the wealthiest countries.

Study Shows Personal Satisfaction Increased When Income Is Too
2012-12-03 15:45:07

Money may not buy happiness, but a new study shows that increasing personal income can have a positive effect on a person’s satisfaction.

2010-12-14 01:05:00

A new collaborative paper by economist Richard Easterlin — namesake of the "Easterlin Paradox" and founder of the field of happiness studies — offers the broadest range of evidence to date demonstrating that a higher rate of economic growth does not result in a greater increase of happiness.


Word of the Day
pawl
  • A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.
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