Status goods, non-satiation and happines - Does welfare make us happier?
6 important questions on Status goods, non-satiation and happines - Does welfare make us happier?
One explanation of a possible negative relationship between welfare and happiness given by Hirsch is:
Another phenomenon induced by economic growth: decline in sociability and friendliness.
3 conditions that are essential for people to live as real people (Arendt):
·earth
·time
Easterlin established 3 findings:
·the life satisfaction of a typical member of a Western society typically remained substantially unchanged during a period of rapid economic growth
·he examined the relationship between average subjective well- being(SBW) and average income for different countries in a cross- section and found that there was no correlation between these variables.
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The transition of common property to private property contributed to scarcity in 2 ways
How to reduce the unhappiness caused by never-ending feelings of unstatisfied desires:
·restrict one's desires in so far as wishes are unattainable
·focus on inspiring but distant examples
Conclusion from transition of common property to private property contributed: Market competion ...
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