Take heed, developing countries

An interesting read from the New Yorker:

America’s felicific stagnation shouldn’t be ignored, Bok argues, whatever the explanation. Growth, after all, has its costs, and often quite substantial ones. If “rising incomes have failed to make Americans happier over the last fifty years,” he writes, “what is the point of working such long hours and risking environmental disaster in order to keep on doubling and redoubling our Gross Domestic Product?”

And then the article proceeds to discuss the relative importance of happiness.