Can Money Buy Happiness?
The question was asked on this case study what would be some of the things that would be included in an estimate of the opportunity cost of preserving part of northern Alberta Canada by prohibiting heavy crude oil extraction? The pros and cons of not utilizing the resource would be considered. How much revenue could be generated locally if extraction was allowed? An important question would be the effects on the environment if extraction was allowed. Another potential question is preservation the best use of the area with a natural resource? Those are a few choice factors in the opportunity cost of a preserve in northern Alberta Canada. It was also asked do you think that the increased extraction represents the best use of the land. I personally say that it is in the interest of preserving the planet for future generations. If we deplete and destroy everything in the name of economic growth there will be nothing left for the future. Another aspect is look at the economic and environmental damage done by an unforeseen disaster of the BP oil spill in the Louisiana gulf. I think what could be learned from that incident is just because you can doesn’t mean it is a good ideal. What is the worst possible potential problem of endeavor of that magnitude?
My opinion on if money can buy happiness, is that it most certainly can. Plain and to the point if you have more money you can obtain more in the pursuit of happiness. The notion that it can’t is a poor man pacifier to comfort him on his financial situation. I would imagine that the stress level would be significantly lowered or not even applicable do to the financial success achievement. I consider the question to be a quibble because who in there right mind would not be considerably happier if there financial status was ameliorated.
After reading the suggested reading material my ideology has only been solidified in the fact that money can buy happiness. The article “Who Says Money Cannot Buy Happiness?” was most