Tag Archives: happiness

More on Relativity and Happiness

Recently, I wrote about relative wealth and happiness. A new NBER paper, by Stevenson and Wolfers, seems to belie this view. It shows a sharp increase in happiness with increasing income: But these data are consistent with the idea that … Continue reading

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Behavioral Economics and the Relativity Theory of Happiness

According to many traditional economic theories of human nature, higher income should make people happier. That’s because with every additional dollar we make, we can purchase goods that increase our “utility.” Or we can save more money, and reduce anxiety … Continue reading

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Heart-Wrenching Words from Beethoven on Deafness

It is an awful irony that Ludwig van Beethoven, who I consider the greatest composer in the history of the world, experienced deafness from an early age, a disability that did not seem to interfere with his musical productivity one … Continue reading

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