Ethical Challenges of Engineer: Wealth and Happiness Correlation

This lecture explores the correlation between wealth and happiness, focusing on the marginalist approach to determine the wealth threshold for happiness. It discusses studies confirming the relationship, the impact of income on well-being, and the influence of economic factors on happiness. The presentation delves into the ethical implications of income inequality, the relative size of wealth, and the importance of social status in determining satisfaction. It also examines the effects of economic growth on happiness, the role of social determinants in health, and the concept of common goods. The lecture concludes by discussing the need for cooperation and collective intelligence to address global challenges.