Can money buy you happiness? Maybe yes, according to Felix Salmon, but only if wine is involved. It’s an elaborate theory, and I must confess, I find it utterly convincing.
Give it a bash at his old blog.
Here’s the teaser excerpt:
So what we’re looking for here isn’t something which will lift the line forever — only spiritual gurus promise that. And it’s not something where short-term happiness ends up being paid for with long-term side-effects. Instead, what we’re looking for is something which will predictably make us happier in the short term, which will have very little in the way of negative long-term effects, and which can be repeated as often as you like. Basically, any time you want to be happier, spend some money on this, and you’ll be happier. And then it’s over, and you can go back to your life, and if you want to do it again, you can.
This is a non-trivial task, because of the way the hedonic treadmill works: you get used to stuff.