Economics

Answer 1This has been a long established fact that silver cigarettenot misdirect gladness and economists have bridge overed this proposition with the partner of empirical evidence . They conducted several surveys asking how happy they atomic number 18 with their lives the result indicated that the average level of contentment has not change magnitude over the past few years despite oversize increase in the per capita income of U .S . But now upstart economists and dismantle psychiatrists have cogitate that m matchlessy open fire buy happiness and discarded the venerable proposition that thither is no positive correlation between money and happiness . jibe to Dwight R . Lee there are two arguments which support the proposition that money can buy happiness . The most(prenominal) common argument is that , volume no minate more happiness when their income increases more than other people in the address assembly . People may not be happy even if their income increases in real terms barely remains less(prenominal) than the income of other people .

But this happiness lead be temporary because those who achieve a higher income willing before long find their happiness being upset either because their root group also experienced compound 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 sorrow for ot hers who suffer a decline in their relative ! incomeAnother motive that money can buy happiness stems from the sensory adaptation to changing batch . According to psychologist Martin Seligman , the process of adaptation is one of the...If you want to take a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay