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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label happiness. Show all posts

Thursday, October 31, 2013

Video: The Conversation

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From the Foundation for Harmony and Prosperity (hat tip EPJ)

Sunday, October 27, 2013

Amidst Hyperinflation, Venezuelan Government Decrees a ‘Happiness’ Ministry

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In Venezuela, “happiness” will now be imposed by fiat. The Venezuelan government has announced a new bureaucracy called the Vice Minist...

Tuesday, June 26, 2012

Quote of the Day: The Spurious Idea of Measuring Value

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The basis of modern economics is the cognition that it is precisely the disparity in the value attached to the objects exchanged that res...

Monday, June 25, 2012

Quote of the Day: The Folly of Measuring Happiness

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What the economists could measure pretty easily, though, was the money you have for buying sandwiches or paying the rent. Income is not y...

Saturday, February 25, 2012

Poor and Middle Income Countries are ‘Happier’?

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Based on self-reported happiness, poor to middle income countries have reportedly been happier than their rich counterparts So says the Ec...

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