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The misery index uses simple factors such as inflation and unemployment rates to explain a country's happiness levels.

The Misery Index, a gauge of how the overall economy is doing, might offer some insight into how citizens are performing in the current economy.

There is evidence of a pattern whereby more economic development and higher per capita income is associated with lower religiosity. Communist regimes have a strong negative influence on religiosity,although there are a few remarkable outliers to this trend. Thereis little relationship overall between whether countries are moreor less religious and whether their economics grow quickly orslowly.

By Rislanudeen Muhammad   The Misery Index measures the social and economic costs for individuals living in a particular country. It helps in understanding the extent of socio-economic hardship in a country.  It is meant to measure the degree of economic distress felt by people, due to the risk of (or actual) joblessness as well […]

Longtime readers know that I am not the biggest fan of Paul Krugman, especially when it comes to his advocacy of government inflation and budget deficits. It's especially ironic when I criticize Krugman's writing on international trade, since that's the area in which he won the Nobel Prize.