Richard A. Easterlin

Richard A. Easterlin is an American economist best known for his work on the relationship between economic growth and happiness, known as the "Easterlin Paradox." This concept suggests that while people's incomes tend to rise with economic development, increases in income do not necessarily lead to corresponding increases in overall happiness. He emphasizes that happiness is influenced by social and psychological factors, not just material wealth. Easterlin’s research has significant implications for understanding well-being and guiding public policy beyond purely economic measures. His work has opened discussions on how societies can improve the quality of life for their citizens.