Easterlin offered an appealing resolution to his paradox, arguing that only relative income matters to happiness. Other explanations suggest a “hedonic treadmill,” in which we must keep consuming more just to stay at the same level of happiness. Either way, the policy implications of the Paradox are huge, as they suggest that economic growth may not raise well-being by much. Given the stakes in this debate, Betsey Stevenson and I thought it worth reassessing the evidence. We have re-analyzed all of the relevant post-war data, and also analyzed the particularly interesting new data from the Gallup World Poll. Last Thursday we presented our research at the latest Brookings Panel on Economic Activity, and we have arrived at a rather surprising conclusion: There is no Easterlin Paradox.

All the elements are in place for cell phones stuffed with many different microcurrencies.

The fact that the speculative economy for cash and commodities accounts for over 95% of economic transactions, while people actually using money and consuming commodities constitute less than 5% tells us something important. Real supply and demand have almost nothing to do with prices. We do not live in an economy, we live in a Ponzi scheme.

Nu de financiële crisis doordringt in de reële economie groeit de belangstelling voor alternatieve handelsvormen. Moderne ruilhandel en barter systemen worden aantrekkelijker als het vertrouwen in banken daalt en de kredietfaciliteiten voor ondernemers afnemen.

Hebben de door de kredietcrisis lamgeslagen westerse economieën baat bij alternatieve vormen van geld? Monetair specialist Bernard Lietaer denkt van wel.

I hate this moment in interviews when a potential employer asks how much I want. the range of what I could ask for in my industry is wide and the trade-rag statistics don't really help me either. so I usually go with what I think is fair. sometimes that's right-on but sometimes it's too much and sometimes it's too low.

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The new rules for the new economy can be summarized as: Where ever attention flows, money will follow. Almost anything else except attention can be manufactured as a commodity. Luxury goods are only luxuries temporarily. They quickly are counterfeited and commodified. Premium brands are only premium because they garner a surplus of attention. Maintain an incoming flow of attention and money will follow. That is really all you need to know.

Ever wondered how you rank with the rest of the world in the amount of money you spend on food in a week? I got this email and it has some great pictures along with the amount of cash each family spends in feeding themselves for a week all around the world. From the book Hungry Planet: What the World Eats by Peter Menzel and Faith D’Aluisio

Can money buy you happiness? Yes—so long as you spend the money on someone else. According to new research, giving other people even as little as $5 can lead to increased well-being for the giver.

At some point in your life, you will wake up and discover that you have more money than time. And you will then realize that you should start doing things differently, which means not walking four blocks to find an ATM that doesn't charge a fee, driving f

Physical money is disappearing and we are moving towards a cashless society where hard cash only exists to avoid taxes or to buy illegal services and goods. A suitcase of money even had a magic cinematic effect making people do or believe in almost anythi

"It was this latter concern that led Charles Kettering, director of General Motors Research, to write a 1929 magazine article called “Keep the Consumer Dissatisfied.” He wasn’t suggesting that manufacturers produce shoddy products. Along with many o

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The Simple Dollar is for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five

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