DOES ECONOMIC GROWTH IMPROVE QUALITY OF LIFE?

One of the directions in research of quality of life is examining the impact of economic growth on quality of life, which presents a fundamental axiological change in quality of life if this correlation is positive. In the classical approach, based on Easterlin's paradox, there is no correlation between economic growth, manifested by the growth in prosperity and growth of satisfaction of population with their lives. In contrary with this conception other scientists use correlations documented by the link between the growth of wealth and quality of life and refer to the Easterlin's paradox as to the Easterlin's illusion. We base verification of answers to the question raised in title of the article on statement that subjective dimension of quality of life (well-being) overweight's an objective dimension.