Scarcity

[Brad DeLong]

>But does it feel that way? There's no evidence that increases in 
>wealth, beyond a certain minimum, make people happier (or lead them 
>to report themselves as being happier). There's no satisfaction in 
>satisfaction, as Freud put it.
>
>Doug

I thought that the way Richard Easterlin put it was that being better 
off makes you report yourself as happier, but knowing that other 
people are better off makes you report yourself as less happy.

If this is true, then the spread of television to the developing 
world is the greatest disaster for social welfare ever...

Brad DeLong