Money can/can't buy happiness (?)
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The immediate inspiration for this contribution is the article by Orsolya Lelkes that appeared here under the title 'Can money buy happiness? An empirical analysis of the relation between income and utility'. She ultimately gave an affirmative answer. This contribution, on the other hand, places the question on a more general plane, disputing some of Lelkes' theoretical conclusions and even conceiving the answer to the basic question differently. In simple terms, money can be said - according to this writer - to buy happiness to a certain extent but not beyond. Nonetheless, it is important to note that Lelkes conducted a notable empirical analysis in the study mentioned, and her work can been considered the first important contribution to Hungarian literature on the economics of happiness. This contribution contains a detailed exposition of the questions advanced and confirmation of the present writer's hypothesis from published empirical data.
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