Tuesday 26 August 2014

If We're So Rich, Why Aren't We Happier?

Not what we have but what we enjoy, constitutes our abundance.
Epicurus

People in the west are richer than ever. That means we can satisfy more of our desires for the good things in life than humans have ever been able to. Yet we don't seem to be getting any happier. Consciously or not we have come to depend on a particular economic theory of welfare as mere preference satisfaction. But if all that we can already have isn't enough to satisfy us, then perhaps we should reconsider whether having even more would make us happier. The good life requires wisdom not just purchasing power. As the classical Greek philosophers taught, we should look to the content of our desires rather than merely whether we can afford them.