Abstract
In 1973, an economist called Easterlin published a paper that has worried economists ever since. He showed, as have others, that wealth is, in effect, unrelated to happiness. Now very famous, a graph from that work has been reproduced many times. It shows, using American data, two lines over a 50-year period: the one wealth and the other happiness. Wealth goes up steadily, happiness remains flat.
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© 2011 Adrian Furnham
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Furnham, A. (2011). A paradox resolved. In: Managing People in a Downturn. Palgrave Macmillan, London. https://doi.org/10.1057/9780230307209_47
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DOI: https://doi.org/10.1057/9780230307209_47
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-29854-5
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