You will prepare and submit a term paper on The Complexity of Defining Money and Happiness. Your paper should be a minimum of 1250 words in length.

You will prepare and submit a term paper on The Complexity of Defining Money and Happiness. Your paper should be a minimum of 1250 words in length. At the beginning of the 19th century, utilitarian philosophy came into existence that aimed at satisfying the highest number of wants of the people to derive happiness and pleasure. Yet one thing is certain that it is indeed difficult to define happiness in a universal sense. Modern psychology understands the complexity involved in defining the term happiness and that is why they prefer the term subjective well-being to define individual happiness in terms of moods, emotions and attitudes taking into account the cognitive judgment of satisfaction from one's life. The term implies that each individual makes their own judgment of happiness. Modern psychologists have made an attempt to define subjective well-being in terms of its several components such as marriage, health, satisfaction at work and so on. each major component may lead to either positive or negative ‘emotions or moods’. Thus, subjective well-being is pretty close to what is being explored about the term happiness in human life.

The enquiry on happiness is centered around the actual happiness that is possible to achieve and not on the ideal happiness that is defined as perfect and perpetual – that is extremely high in standards and usually beyond the reach of most people. One thing can be said with certainty that happiness leads to "better health, better work performance, better social relationship" (Kesebir & Diene, 6) and in that sense, the pursuit for happiness is a desirable thing in life. Happy individuals perform better in schools and colleges, at workplaces and move up in the ladder quickly and remain successful in the task they are engaged in.