Open AccessThe Marginal Diminishing Returns/Marginal Increasing Returns in The Pursuit of Happiness
Author(s) -
Alexandru Trifu
Publication year - 2020
Publication title -
global journal of management and business research
Language(s) - English
Resource type - Journals
eISSN - 2249-4588
pISSN - 0975-5853
DOI - 10.34257/gjmbrbvol20is1pg9
Subject(s) - happiness , pleasure , economics , marginal utility , feeling , stock (firearms) , predictability , microeconomics , psychology , social psychology , mechanical engineering , neuroscience , engineering , physics , quantum mechanics
We are dealing with a psychological aspect of our actions and behavior and, consequently, we are focused on the Psychological approach of Marginalism. Starting with the German economist of the 19th century, Hermann Heinrich Gossen, with his Law of the Marginal Diminishing Returns, in fact his first law, passing through the analyses and approaches of this theoretical products, along with practical examples from around us, from media information, to reach the point in which to affirm that either in the diminishing returns, or increasing returns, it is a threshold above or beyond which the feeling of pleasure/fullness, even a state of happiness, tends to disappear. This survey regards only the consuming/purchasing of goods in the pursuit of happiness, because this issue is largely and more complex as far as we can see at first sight.Therefore, no abnormal actions to have more and more units of the same kind lead to get pleasure and happiness.We deal with the stock of a thing/commodity, in terms of increasing or diminishing, affecting the income, the wealth of a person and,by consequence, the good mood or even happiness.