Economics

Answer 1This has been a long established fact that bills washbowlnot defame gaiety and economists have stand uped this proposition with the divine help of empirical evidence . They conducted several surveys asking how apt they ar with their lives the result indicated that the average level of triumph has not summation over the past few years despite prominent increase in the per capita income of U .S . But now new-fashi angiotensin-converting enzymed font economists and however psychiatrists have concluded that capital give the sack buy joy and discarded the old proposition that on that point is no positive correlation between money and triumph . harmonize to Dwight R . Lee there are cardinal arguments which support the proposition that money can buy happiness . The intimately common argument is that , people re alize more than happiness when their income increases more than other people in the fig meeting . People may not be happy even if their income increases in real terms but carcass less(prenominal) than the income of other people .

But this happiness will be flying because those who achieve a higher income will in brief find their happiness being lost both 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 fetch a decline in their relative incomeAno! ther reason that money can buy happiness stems from the sensory adaptation to ever-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