Consuming More: Why Economic Growth Does Not Necessarily Contribute To Human Happiness
Economic growth in developed countries has a dual effect. On one hand, people's living standards and consumer spending are on the rise, but on the other hand, this does not necessarily make people happy and may in fact erode subjective wellbeing and lead to economic crises. A new study co-authored by Francesco Sarracino, HSE LCSR Senior Associate Researcher, examines the reasons behind this phenomenon.
14 March
2018