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 Originally Posted by wufwugy
The fundamental assumption of economics is that people want more happiness. The fundamental question is, "how can resources that affect happiness be most efficiently allocated?" I argue that if somebody has an idea about how to improve the human world, it needs to be a proposal that more efficiently allocates resources that affect happiness.
Wasn't there a psychological study that shows that basic happiness in a person stabalizes over time? Split twins by losing a leg and winning a lottery, and they're basically just as happy 7 years on? Seems to me like the fundamental aspect of economics is to understand how the ruthless and unending desire to expand, devour, and control works in sophisticates like us people. Same as cancer and same as embryo growth.
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