Is money the key to happiness or the root of all evil? If growth and prosperity don't provide a sense of wellbeing, what will? With a fiscal crisis already under way, we take a new look at the way happiness is measured and how it's achieved in the US and other parts of the world. Also, the inventory glut on store shelves and at frozen ports, and coping with numbers in the news, politics and real life.
FROM THIS EPISODE
Just the way bad weather backs up the airlines, a decline in consumer spending leaves inventories in place and backs up supply lines. One sign of the effort to get things moving is that post-Christmas sales this year happened before Christmas. Diane Mollenkopf is associate professor of marketing and logistics at the University of Tennessee at Knoxville.
Diane Mollenkopf, Associate Professor in the Department of Marketing and Logistics, University of Tennessee, Knoxville
In a put-down of F. Scott Fitzgerald, Ernest Hemmingway once wrote, "The very rich are different from you and me… they have more money." But ever since Adam Smith's Wealth of Nations in 1776, western economies have been based on growth and prosperity as the keys to happiness. On the day after Christmas, with the US heading into a major recession, it's worth asking if that’s really true. One study says Puerto Ricans are happier than Germans or Japanese? How come? Is a simpler, more frugal life more satisfying after all?
Ed Diener, Professor Emeritus of Psychology, University of Illinois at Urbana-Champaign
Daniel Kahneman, Professor Emeritus of Psychology, Princeton University
Vicky Robin, Co-author, 'Your Money of Your Life'
Daniel Kahneman and Ed Diener
Why is "average" a stupid idea? What does the "risk" of dying really mean? Is the national "debt" as big as it sounds? The BBC Radio program, More or Less, got a big enough audience to become a book. Now it has crossed the ocean with a new title, The Numbers Game: The Commonsense Guide to Understanding Numbers in the News, Politics and in Life. Co-author Andrew Dilnot, the Principal of St. Hugh's College, talks about taking the mystery out of the numbers.
Andrew Dilnot, co-author, 'The Numbers Game'
More From To the Point
Does universal health care have a future? Despite controlling the White House and Congress, Republicans have failed to repeal Obamacare. But they are chipping away. Some Democrats advocate universal coverage. So, what’s in store for this year’s midterm elections? Has either side come up with a way to cut costs? To achieve that goal, is it time for doctors to change their focus--away from health care to health itself?
Parkland students take the lead on gun control Young people around the country are all fired up after the Parkland shooting. Veteran observers say they’re changing the atmosphere of debate about gun control. How realistic are their expectations about one of America’s most controversial issues?
Conservatives booed at CPAC Conservative columnist and political analyst Mona Charen was ready to fight at CPAC - the Conservative Political Action Conference. Now she says she was “glad to be booed.” On a special To the Point podcast, we’ll hear how her appearance went and why she and other conservatives feel betrayed by the Trump-Republican Party.
LATEST BLOG POSTS
Facing uncertainty in the US, a Dreamer moves to Mexico Undocumented immigrants who came to the United States as kids may feel like they are in never-ending limbo. President Trump wants to phase out the deferred action for childhood arrivals… Read More
Will Orange County go from Red to Blue? On a recent evening, about two dozen friends and neighbors gathered at a house party in Irvine. They had come to meet Katie Porter, a Democrat who’s running for Congress… Read More