The drive for money

Adrian Furnham

A chapter in The Talented Manager, 2012, pp 85-87 from Palgrave Macmillan

Abstract: 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?

Keywords: Business Ethic; Irritable Bowel Syndrome; Human Resource Management; Fairy Tale; Talented Manager (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36976-4_18

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DOI: 10.1057/9780230369764_18

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