![]() Would you say that you, like all humans, are complicated to understand? Of course you are. Over the millennia many have offered answers to this question and nearly all came back with too simple answers to what is, at its core, a complex problem. Since happiness is when your life fulfills your needs, the next logical question is, “What are my needs?” What Are Your Essential Needs to be Happy? Most of us fall somewhere between, closer to the middle than the edges. ![]() There are nearly limitless degrees of happiness between the bliss of enlightenment and the despair of depression. While the perfect happiness of enlightenment may be hard to achieve, and even harder to maintain, happiness is not an either /or case. Perfect happiness, enlightenment, comes when you have all of your needs satisfied. ![]() Happiness is a feeling of contentment, that life is just as it should be. In other words, happiness comes when you feel satisfied and fulfilled. Happiness is when your life fulfills your needs. After all, would it still be fun to hold a warm puppy for a month? I don’t think so. Happiness is…a warm puppy. Just kidding, warm puppies are pretty nice but I’m putting the puppy squarely in with pleasure. So, if happiness is not the same thing as pleasure, then what is happiness? Pleasure is fleeting and must be if it is to continue to please us because if we have these joyful experiences all the time, our brains adapt and turn pleasure into routine. Once that happens, it takes even more to make us feel good again. The passion to enjoy and the warm afterglow to linger in. They are experiences to have and let pass. These experiences are the definition of pleasure. These are all wonderful experiences to be cherished and cultivated but they are not happiness. Many people believe that happiness is having fun at a party, the excitement of new experiences, the thrill and passion of sex, or the delights of a fine meal. Possibly the best place to start defining happiness is by defining what it is not. What is Happiness? A Definition of Happiness It matters because it’s hard for your wishes for happiness to come true if you aren’t clear about exactly what happiness is. Have you ever stopped to consider exactly what happiness means? What, exactly, is this happiness you are wishing for? How often have you said to someone else, “I just want you to be happy”? Note: The GDP-adjusted index was updated in January 2021 to include more countries.How often have you said, “I just want to be happy”? #Notion definition money downloadYou can also download the data or read the methodology behind the Big Mac index here. Read more about the Big Mac index in “ Dollar-euro parity may be justified. The previously published versions of both indices are available in our archive. #Notion definition money fullWe also changed our methodology for how we calculate the GDP-adjusted index, the full history of which will now be adjusted whenever the IMF’s historical GDP series are updated. In July 2022 we updated the Big Mac index to use a McDonalds-provided price for the United States. The relationship between prices and GDP per person may be a better guide to the current fair value of a currency. PPP signals where exchange rates should be heading in the long run, as a country like China gets richer, but it says little about today's equilibrium rate. The GDP-adjusted index addresses the criticism that you would expect average burger prices to be cheaper in poor countries than in rich ones because labour costs are lower. ![]() For those who take their fast food more seriously, we also calculate a gourmet version of the index. Yet the Big Mac index has become a global standard, included in several economic textbooks and the subject of dozens of academic studies. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.īurgernomics was never intended as a precise gauge of currency misalignment, merely a tool to make exchange-rate theory more digestible. T HE BIG MAC index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. ![]()
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