I have just finished reading Nick Powdthavee’s book The Happiness Equation. It is an economics/psychology book. (Powdthavee is a behavioural economist.) In it, he explains the research about happiness in the world of economics.
For example. in his discussion about the happiness related to having children, he concludes “for an average person in the UK, the first year of having a child is exactly the same as winning a serendipitous sum of money of around $3,750 for that year.”(p. 90) In other words, he works out how much money can buy a certain amount of happiness, then applies that to real life situations. It’s disturbing, interesting, and ultimately a bit of a stretch. One large weakness of the book is that it lacks substantial conclusions. He has very little to say about what we can and should do with his findings. That isn’t such a bad thing, but Continue reading ‘The Happiness Equation’ and Buddhism