On Monday, March 26, 2007 at 09:26:31 (-0700) Michael Perelman writes: >I haven't read the book in a long time. But the recent literature on >happiness does suggest that increasing GDP does not increase >self-assessments of happiness once the GDP reaches about $15,000. > >The big externality is that your luxury consumption makes other people >envious, and thus less happy.
This seems strange: how can most people not enjoy a 400 horsepower car? A superlative bottle of red Bordeaux or Burgundy? A weekend at a fancy resort? A new kitchen? Bill
