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The drive for money

In: The Talented Manager

Author

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  • Adrian Furnham

Abstract

The statistic that many people, particularly economists, find difficult to swallow relates to the Easterlin Hypothesis. Note “hypothesis”, not “law.” It’s quite simple and the central question is “How much money do you need to be happy?” The answer is (only) about £40–50K per annum. After that you get no “hedonic bang for your buck.” So why do so many people chase money so remorselessly and so relentlessly? And at what cost? Do they not believe the statistic? Do they believe not only that greed is good, but also that it buys health, happiness and hedonism?

Suggested Citation

  • Adrian Furnham, 2012. "The drive for money," Palgrave Macmillan Books, in: The Talented Manager, pages 85-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36976-4_18
    DOI: 10.1057/9780230369764_18
    as

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