The Economics of Happiness, Part 1: Reassessing the Easterlin Paradox - FreakonomicsThe Economics of Happiness, Part 1: Reassessing the Easterlin Paradox April 16, 2008 Justin Wolfers and Betsey Stevenson discussed their happiness research on CNBC today. Arguably the most important finding from the emerging economics of happiness has been the Easterlin Paradox. What is this paradox? It is the juxtaposition of three observations: 1) Within a society, rich people tend to be much ha
