Graph Plotting Satisfaction News Today

Easterlin paradox. more money does not always lead to more happiness. instead, more money often means more demands and desires. well, a new paper by "the economist" turns that thesis on its head. look at this graph plotting satisfaction against income. if you were in a relatively poor country like china, india or iran, more money meant more satisfaction. even if you were in a rich country and this is what is new, the results hold up. look at france, germany or the u.s. on this chart. what i also...

Economists have always been fascinated by the looing between income and happiness. in the 1970s, we learned of the easterlin paradox. the economist argued that more money doesnt always lead to more happiness. instead, more money often means more demands and desires. well, a new paper by "the economist" turns that thesis on its head. look at this graph plotting satisfaction against income. if you were in a relatively poor country like china, india or iran, more money meant more satisfaction. even...