Sunday, November 13, 2005

Marginal Revolution: Gratitude Journals and Loewenstein's Challenge

Marginal Revolution: Gratitude Journals and Loewenstein's Challenge: "Gratitude Journals and Loewenstein's Challenge

Background: George Loewenstein is one of the leading figures in Economics and Psychology.

While walking in Pittsburgh one afternoon, Loewenstein tells me that he doesn't see how anybody could study happiness and not find himself leaning left politically; the data make it all too clear that boosting the living standards of those already comfortable, such as through lower taxes, does little to improve their levels of well-being, whereas raising the living standards of the impoverished makes an enormous difference. (full story)"
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