The economics of contentment

Someone once said ‘those who say that money can’t buy happiness don’t know where to shop’.What is the economic value of happiness?

Britain is rich. We have enough cell phones and Evo Mitsubishis to submerge Oxfordshire with no standing room left. So are we feeling cheerier? Do we enjoy our jobs more than our parents did? Conversely, is the stress of working life increasing in nations like Britain? And are young employees particularly prone to extra strain and perhaps suffering because of a...

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