![]() For example, he postulates that awarding enough money to lower-income individuals such that they could purchase food or or clothes for their children, where they could not previously, would increase their happiness levels. ![]() The point that T-Rex raises is that money might affect happiness in varying degrees depending on the levels of income. That is to say, utility functions of money are generally regarded by economists as being increasing functions (though not necessarily strictly increasing). ![]() Economists refer to this measure of satisfaction or desirability as utility. The first thing to consider here is what is meant by "happiness." It is a general tenet of economics, for instance, that more money or disposable income (or any sort of resource that augments a consumer's purchasing power) leads to an increase in satisfaction. ![]() ![]() In yesterday's Dinosaur Comics, T-Rex ponders a fairly important debate, namely the relationship between money and happiness.
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