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International development experts share their ideas on how wealthy countries can promote prosperity in developing countries. Follow at

Jan 18, 2011

You might not think you’d need a Ph.D. to figure out that people with more money are happier than people with less. Yet that relationship is surprisingly controversial and—not so surprisingly—highly relevant for development policy. This week’s Wonkcast features a young academic whose new work on subjective wellbeing, income and economic development is upending the conventional academic wisdom on happiness. Justin Wolfers, a visiting fellow at Brookings and associate professor at the Wharton School, spoke last week at a Massachusetts Avenue Development Seminar (or MADS), a series of events that CGD hosts in cooperation with The Paul H. Nitze School of Advanced International Studies. (You can sign up for invitations to future MADS here under ‘other subscriptions’).

Read a full show summary on the Wonkcast site: