FROM ISSUE NUMBER 30 - WINTER 1973 GO TO TABLE OF CONTENTS

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Does money buy happiness?

RICHARD A. EASTERLIN

FOR many Americans, the pursuit of happiness and the pursuit of money come to much the same thing. More money means more goods (inflation aside) and thus more of the material benefits of life. As it is for the individual, so it is for society as a whole. National economic growth—a steady upward march in average income, year after year, decade after decade— means, it is supposed, greater well-being and a happier society.

 

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