As presented in the TED talk by Mihaly Csikszentmihalyi (3:30) repeated research has been unable to show a correlation between happiness and level of material wealth (above a certain minimum threshold).
As a result, a line of reasoning that is often made is:
"We should stop pursuing more wealth, since attaining it will not make us happier."
While i agree that we can conclude from this research that attaining more wealth will not make us happier, i don't think we can conclude that the amount of effort we put into pursuing more wealth has no influence on our happiness.
There is anecdotal material to show that putting less effort into the pursuit of wealth makes you happier, take Zen monks for example, but there are a lot of other factors that could be causing their increase in happiness.
- What research has examined the merit/effect of detachment from material wealth?
- To what extent is pursuing or not pursuing wealth related to happiness?