As I've blogged about before, my experience is that money can in fact buy happiness. And I am generally happy. In any case, I'm happier than I ever expected to be or than any fair, just or karmatic system should be allowing me to be.
Some people think that money can't buy happiness. Someone should study whether these people who think that money can't buy happiness are happy. Are they unhappy because they're not able to buy happiness? Or are they happy because their sources of happiness transcend their life circumstances?
It would also be interesting to see if there's a correlation between money and happiness among people who believe that money can't buy happiness, and see if that differs from the degree of correlation found among people who believe that money can buy happiness.
I know there have been studies quantifying how much happiness costs (i.e. identifying the point of diminishing returns where more money generally doesn't buy more happiness), but I don't know of any that have compared people who can buy happiness and people who can't.
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