In his new book, The price of civilisation: reawakening American virtue and prosperity, progressive Columbia University economist Jeffrey D Sachs argues that the relationship between income and happiness is not as strong as people often imagine. Above a (lowish) minimum level, income doesn’t make a big difference. But money could make us happier if only […]
What matters the most in people’s lives is to have good dynamic interpersonal relationships and to be respected at work, with that respect being constantly renewed. People should not expect too much from their holidays and wider families.
A new study by researchers at the University of Warwick finds that money only makes people happier if it improves their social rank. A well known example of this effect was documented by economist Robert H Frank. He asked people if they would prefer to live in a 4,000 ft2 house where all the neighbouring […]