Posts Tagged ‘grapes’

  • Monkeys, Economics and Happiness

    Sep 7, 12 • 178 Views • Behavioral Economics, Economic Humor, Economic Thinkers, Households, Labor, Macroeconomic Measurement, Money and Monetary Policy, Thinking Economically, Uncategorized1 Comment

    Behavioral economists might be able to explain our response to income inequality. In a paper on money and happiness, economist Richard Easterlin initially asks the reader how she feels if her income rises. Then he asks how she reacts when it stays the same.