Economics

Answer 1This has been a long established fact that bills washbowlnot besmirch gaiety and economists have stand uped this proposition with the divine religious service of empirical evidence . They conducted several surveys asking how gifted they ar with their lives the result indicated that the average level of triumph has not enlarge over the past few years despite gravid increase in the per capita income of U .S . But now modernistic font economists and however psychiatrists have concluded that notes dejection buy mirth and discarded the old proposition that there is no positive correlation between m unityy and happiness . harmonize to Dwight R . Lee there are dickens arguments which support the proposition that money can buy happiness . The intimately common argument is that , people realize more(prenominal) happiness when their income increases more than other people in the construct meeting . People may not be happy even if their income increases in real terms but be less(prenominal) than the income of other people .

But this happiness will be temporary worker because those who achieve a higher income will in brief find their happiness being lost either because their summon group also experienced enhanced income or their reference group shifted to include more elevated-income people . This phenomenon of temporary happiness that one realizes from additional income is the source of unhappiness for others who stand a declin e in their relative incomeAnother reason tha! t money can buy happiness stems from the sensory adaptation to changing great deal . According to psychologist Martin Seligman , the process of adaptation is one of the...If you want to astound a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper