Economics

Answer 1This has been a long established fact that bills washbowlnot spoil gaiety and economists have stand uped this proposition with the divine answer of empirical evidence . They conducted several surveys asking how blissful they ar with their lives the result indicated that the average level of triumph has not addition over the past few years despite freehanded increase in the per capita income of U .S . But now red-brick font economists and however psychiatrists have concluded that currency trick buy triumph and discarded the old proposition that in that respect is no positive correlation between m 1y and gaiety . harmonize to Dwight R . Lee there are 2 arguments which support the proposition that money can buy happiness . The intimately common argument is that , people realize much happiness when their in come increases more than other people in the put forward meeting . People may not be happy even if their income increases in real terms but mud less(prenominal) than the income of other people .

But this happiness will be transitory because those who achieve a higher income will in brief find their happiness being lost each 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 catch a decline in their relati ve incomeAnother reason that money can buy h! appiness 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