Friday, September 30, 2011

Economics and Happiness (September 30th, 2011)

Economics is not a derivation towards happiness. Economic growth in the United States has not been spreading towards citizens int he United States. It has been proven to be flat for the past decades due to the equality of economics and wealth towards other people. Absolute income matters with the happiness one obtains but there is no statistical power to say that relative income and positional outcome has not been proven to be stated to be happiness. Adam Smith being part of how the invisible hand will bring the greater good for mankind. There was never good results but there was also not as much competitions in the markets. By making the human beings unhappy and unhappiness will also be brought towards the children that might also have the same idea with discomfort and comfort. Accessibility to schools will bring a vast variety of income which gives success in society whereas others might be going to a bad school and go through a smaller success and gain a small income. If you give money to countries that do not have any type of money, they will immediately have happiness towards the income of getting the money and how it is equally distributed.

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