Tuesday, June 25, 2013

Using Money to Buy Happiness

Using Money to Buy Happiness:
We live in America with two bits of contradictory received wisdom -- that you’d be a lot better off if you made more money, and that money can’t buy you happiness. Now two scholars suggest another way of thinking about the relationship between cash and joy: To a large degree, how you spend is just as important as how much you spend. Michael Norton , an associate professor at Harvard Business School and coauthor – with Elizabeth Dunn – of Happy Money : The Science of Smarter Spending, answered questions from Mind Matters editor Gareth Cook .