The “Happy Economist” aka Ross Gittins joins us to share the secrets of not just a happy life, but a satisfying one. We discuss why GDP is such a poor measure of social progress and attempts to replace it.

Money editor Caitlin Fitzsimmons shares her three tips on how best to spend your money to maximise happiness.

Matt and Jess let their statistical freak flags fly with a rousing discussion of the myriad indexes which attempt to measure happiness. We discover who the happiest people are, where they live and how old they are.

Jess books Matt a holiday to Norway.

And make sure you stay tuned for the Karate Kid metaphor in this week’s “Bad Economics” segment on sharemarket “​wipe outs”.​