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Article: The price of happiness Last week a lottery winner drank himself to death. But new research confirms that money does indeed buy happiness, provided you're not too rich already, writes ALASDAIR PALMER
- Article from:
- The Sunday Telegraph London
- Article date:
- January 13, 2002
- Author:
CopyrightCopyright 2002 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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`We found a very strong link between having money fall on you and
being happy," announced Andrew Oswald, Professor of Economics at
Warwick University, as he unveiled the results of his research into
the relationship between money and happiness last week. "Everyone
assumes that more money makes you happier. In fact, it is the
assumption on which all economic theory is based. But it is
surprising how difficult it is to prove it. That's what we think we
have done."
Lottery winner Mick Maplesden, who won pounds 4 million four years
ago, finds it puzzling that anyone could doubt the link between money