Jairaj Devadiga is an India-based economist specializing in public policy and economic history.
In 1972, the then King of Bhutan, Jigme Singye Wangchuck, declared that "Gross national happiness is more important than gross domestic product."
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Youths sit around the central square in the capital city of Thimphu, Bhutan, in December 2017: the answer lies in hedonic adaptation. © Reuters
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