It’s once again approaching the end of the academic year and to offset the inevitable onset of melancholy associated with plugging away at too many practice exams I thought it’d be a good idea to try and finish on a note of relative cheerfulness.
The relationship between a country’s GDP and its average level of happiness is a concept that is introduced to macroeconomics students from pretty much day one. It is, at its core, a lighthearted way of reinforcing to students that despite everything, money does not, in fact, buy you happiness.