April 16, 2008
Stevenson and Wolfers on Happiness on CNBC

The Stevenson-Wolfers study on growth and happiness has been discussed by a lot of economics blogs. Wolfers himself will be blogging about it at Freakonomics for the next few days.

Here are Stevenson and Wolfers on CNBC. Their segment begins at about 1:22.

HT: Justin Wolfers

Posted by Art Carden at 04:58 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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