In memoriam: Richard Easterlin, 1926-2024
Government
Richard Easterlin, who passed away in December 2024, was a visionary economist whose pioneering research transformed how we think about economic growth, happiness and human wellbeing. This column, written by a friend and colleague, outlines some of the key contributions and impact of a long professional life mostly spent examining data on, and discussing the importance of, human feelings. The Easterlin paradox, which demonstrated that rising income does not necessarily lead to increased
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