`welfare-paradox` Related Article Results

The Easterlin Paradox is a theoretical contradiction first introduced into economic literature in 1974 by Richard Easterlin, who argued that economic growth does not sustainably increase individuals’ happiness over the long term. According to this theory, increases in per capita national income may raise happiness levels up to a certain point, but beyond that, further growth has no meaningful impact on happiness. Easterlin supported this observation with economic data from the United States betw