Critique Of David Leonhardt's 'Maybe Money Does Buy Happiness'

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Critique: "Maybe Money Does Buy Happiness" Introduction In David Leonhardt’s “Maybe Money Does Buy Happiness”, Leonhardt discusses whether a larger economy increases a person’s content by displaying the different point of views and their evidence. Born in 1973, Leonhardt has won an adequate number of awards for his in-depth insights and publications on economics. These awards include the Peter Lisagor (Club, 1999), Gerald Loeb (“2010 Gerald Loeb Award Finalists”, n.d.), Society of American Business Editors and Writers (“Winners in Its 14th Annual Best in Business Contest”, 2009) awards. He also won a Pulitzer Prize for commentary (“The 2011 Pulitzer Prize Winner in Commentary”, n.d.). With his economical knowledge, Leonhardt wrote The Get Happy Workbook, an instructional ebook on how to achieve elation (“The Get Happy Workbook”, n.d.). Credibility David Leonhardt graduated from Yale’s University with Bachelors in Applied Mathematics. Some may consider his degree irrelevant to the topic of his essay and thus, a drawback to his credibility. However, Leonhardt’s comprehensive studies were advantageous to his career as a journalist…show more content…
Leonhardt begins his article by providing readers with a historical background on the Japanese economy. He then uses this background to display a contrast between wealth and satisfaction; this contrast lead to the Easterlin Paradox. Consequently, this research became communal in social science as it challenges the previous association with money to happiness. Afterwards, Leonhardt proposes his argument as he introduces a new research. In this research, two economists argue against the Easterlin Paradox. They believe that money does aid in bringing happiness even if not guaranteed. In addition, both researchers and Leonhardt discuss that absolute income is more important than relative income. This research was conducted at a national

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