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Ecomics instution - Essay Example

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He attempts to define his concept and the quest by individuals to get the happiness that they desire. There can never be an absolute satisfaction gained when looking for…
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Download file to see previous pages Despite the increase in the income level of these individuals in the past decade, it is revealed that money as a single entity does not offer the remedy to counter unhappiness. With various strategies applied, to measure the trends in Layard’s case happiness, the modern society is capable of identifying measures that would limit success. As an economist, Layard poses a question to individuals in the quest to find happiness asking them what they would do differently to achieve the fete. His opinion opposes the capitalists’ theories that favor the aspect of individualism. Their desire to offer competition in the economic struggling society suggests limited room for improvement in the other social classes that may endeavor to rise from their demeaning state. The book is set in two main parts, the first part that introduces the constraints experienced in the desire to achieve happiness and the second part explaining measures that people implement to increase their happiness.
It is often difficult to achieve total progress, and with perfection determining most of the conscious decisions made towards situations, limited progress may be achieved. Happiness is not achieved easily with obstacles impairing the person’s desire to achieve control of positivity towards the entity. Layard argues that there are provisions that counter happiness in the society and are in the form of psychological or mental instability. When people strain and suffer due to external factors that overshadow their economical achievements, there is little realized in the happiness brought by money. There can never be a defined happiness achieved without handling all external impairments of the physical mind. An individual must poses a sober and creative mind free from stress and external pressure from environmental entities to achieve development. ...Download file to see next pagesRead More
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