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Tuesday, September 28, 2004

Quote: Can Money Buy Happiness? -- from Wired Magazine

I came across this quote in the latest issue of Wired (http://wired.com) and think it is worth passing along. Without much direct, conscious thought, I have been following this style of life. Even when I am unhappy, I understand that buying a Lexus (or a new G5 iMac) will not make me any happier.

Food for thought...

"Evidence suggests that if we use an increase in our incomes, as many of us do, simply to buy bigger houses and more expensive cars, then we do not end up any happier than before. But, if we use an increase in out incomes to buy more of certain inconspicuous goods -- such as freedom from a long commute or a stressful job -- then the evidence paints a very different picture. ...reallocating out time and money in these and similar ways would result in healthier, long -- and happier -- lives.

Robert Frank, Professor of Economics, Cornell University

From Daedalus, volume 133, issue 2


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