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Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate

Beja Jr, Edsel (2013): Does economic prosperity bring about a happier society? Mathematical remarks on the Easterlin Paradox debate.

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Abstract

The Easterlin Paradox—the perceived absence of a relationship between economic progress and happiness—is one of the most important continuing debates in economics. Yet, both sides of the extant debate are anchored on valid mathematical arguments. The preponderance of evidence is therefore necessary to resolve the Easterlin Paradox.

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