Who Says Money Can't Buy Happiness? | Dwight R. Lee (2024)


Who Says Money Can’t Buy Happiness?

This article appeared in the Winter2005/06 issue of The Independent Review.

Some new arguments for higher taxes and government spending rest on the claim, supposedly established by empirical studies and by Adam Smith, that money doesn’t buy happiness. In reality, however, more wealth does increase human happiness, if only temporarily.

Who Says Money Can't Buy Happiness? | Dwight R. Lee (5)

Dwight R. Lee is a Research Fellow at the Independent Institute and Affiliated Visiting Faculty Fellow in the Institute for the Study of Political Economy in the Miller College of Business at Ball State University.

Other Independent Review articles by Dwight R. Lee
Summer2023Fiscal Recklessness, Path Dependence, and Expressive Voting
Summer2019The Fifth Risk: Undoing Democracy
Spring2019The Diversity Delusion: How Race and Gender Pandering Corrupt the University and Undermine Our Culture
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