Debunking the Easterlin Paradox, Again
I’ve written here before about my research with Betsey Stevenson showing that economic development is associated with rising life satisfaction. Some people find this result surprising, but it’s the cleanest interpretation of the available data. Yet over the past few days, I’ve received calls from several journalists asking whether Richard Easterlin had somehow debunked these findings. He tried. But he failed. Read More »
‘Tis the Season to Get What You Don’t Want
Picture this: Christmas morning, tchotchke-free. This week on the Freakonomics Radio Marketplace segment, Stephen Dubner proposes an idea that might finally put an end to holiday deadweight loss. Remember that patchouli-infused candle your loving aunt gave you last year? You wouldn’t dream of paying more than $1.99 for it, and she paid $30. That’s $28.01 Read More »
Why Charge More for a Pre-Paid Rental Car?
A reader named Gerald Andriole writes in with a small but interesting puzzle. Read More »
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