The Happiest Countries and Income

09/19/2013

The Happiest Countries and Income

The UN's report on the happiest countries demonstrates money can help create happiness but also can hurt it.http://news.nationalgeographic.com/news/2013/09/130909-2013-world-happiness-report-united-nations/?utm_source=NatGeocom&utm_medium=Email&utm_content=inside_20130919&utm_campaign=Content

Sep 19, 2013 7:34:18 AM

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"The Crazy Cash-Giveaway Experiment" GiveDirectly is a charity which gives money to some of the world's poorest people without any strings attached. The New York Times looked at whether such an approach is a good one. The author Jacob Goldstein concluded "At its most basic level, after all, GiveDirectly's work is an attempt to test one of the simplest ideas in economics-that people know what they need, and if they have money, they can buy it. Taken at its logical conclusion, this suggests that giving away money may often be more helpful to people than giving them cows, or medicine, or training, or whatever."

Microcredit in US New York Times-Microcredit for Americans By Shaila Dewan On a recent Thursday, dozens of Latina immigrants clustered in a small, noisy second-floor office in the Jackson Heights neighborhood of Queens, waiting for one of a half-dozen loan officers to call their names and hand over a check. Children loitered in the stairwell or sprawled, calflike, over their mothers’ laps. Read entire article.