The Economics of Happiness: Crash Course Econ

The video explores the pursuit of happiness, examining how income, employment, and economic models impact well-being. It discusses the diminishing returns of income on happiness, the negative effects of unemployment, and the Easterlin Paradox, which questions the link between national income and happiness. The video also highlights alternative measures of progress, such as Bhutan's Gross National Happiness, and critiques the focus on GDP as a sole indicator of societal progress.

How do economic choices and circumstances affect long-term happiness?

What role does social comparison play in individual happiness according to the text?

What alternative measure of progress does Bhutan use instead of GDP?

What criticism did Robert Kennedy make regarding GDP as a measure of progress?