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He may be poorer but wiser: research in recent years from both Harvard and the University of British Columbia shows that giving away money to others increases happiness.
If it is feasible to measure happiness, then we should.
It seems obvious that the happiness of our citizens is what ultimately matters (though if you believe that the rights of non-human animals are just as important then I might be sympathetic to such a caveat).
It was only a strange error that led to the historical obsession with GDP As someone who has worked on these issues for three decades, I have observed that, sadly, most people who criticise the idea of measuring happiness are handicapped by the fact they know little about the research literature on the topic.
For example, Richard Layard's work on happiness has focused a great deal of attention on mental illness.
Festival panels such as How To Live? featuring writers Douglas Coupland, Anne Manne and social researcher Hugh MacKay examine humanity's quest for happiness and its changing relationship to technology and nature.
The project is aiming to create a Mario who "gets to know his own world" by becoming "aware of himself and his environment", enabling him to make his own decisions based on his curiosity, hunger, happiness and fear, as well as through voice commands delivered by a researcher.
It is what the Orientals call 'kef' it is complete happiness.
I think of happiness as something that's fleeting and heightened, not constant.
"The first requisite to happiness is that a man be born in a famous city," said Euripides.
Not only that, but as household income has fallen, so happiness with the level of that income has, apparently, risen.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com