Reason Foundation

Reason Foundation

Well, Madonna could have told us that.

Ted Balaker
January 25, 2005, 10:58am

Not too long ago, Madonna broke from her "Material Girl" persona and revealed that there is more to life than money and fame. Apparently, we were supposed to marvel at this "new" insight and use it to create a better world. Economists are also learning how to state the obvious and make it sound groundbreaking. For example, it turns out that there's real economic evidence that shows money does not buy happiness. Blanchflower and his colleague Andrew Oswald say that during recent decades our nation has "in aggregate, apparently become more miserable." OK, money can't buy happiness, can't buy me love, either. Got it. No big news so far. But the prescription is the scary part: Good thing not all economists are on board with crafting happiness policy: Oh, and here's another groundbreaking discovery from Branchflower and Oswald: Thanks guys.

Ted Balaker is Producer

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