‘Happiness is not the only thing’
Over at the New Yorker, Elizabeth Kolbert discusses some new books on the policy implications of so-called 'positive psychology'. Positive psychologists set out to use scientific methods to study, not suffering, depression and psychopatholoy, but the good things in life: what makes people happy, and what doesn't. The most remarkable set of findings of this growing body of research is that many of the things that we expect would make us happy — or unhappy — don't really, or not in the way we believe. For example, winning the lottery has a very short lasting positive effect on people's happiness levels; being seriously handicapped in a car accident only a short lasting negative effect. And above a certain level, economic growth and material wealth do not seem to have much of an effect on people's happiness or 'subjective well-being'. What are the policy implications? In one of the books discussed, Derek Bok makes suggestions that would make people on both the left and right unhappy (though probably not for very long). He concludes that relentlessly aiming at economic growth is a waste of time — but similarly that we should not worry much about growing inequality. It does not make people at the bottom of the scale unhappier, so why care about it?