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The richer you are, the happier you are?
Today’s column from Allister Heath cites recent research in the field of well-being economics to argue that the best way to promote happiness is to maximise economic growth. While positive to see economic commentators like Heath making use of well-being research, his article, which implies that well-being evidence supports "a single-minded obsession with expanding the economy” approach by government, is completely flawed. Not only does Heath ignore swathes of evidence regarding the factors that contribute to well-being, it is pretty clear that Heath doesn’t understand the research he was referring to.
February 7, 2013
