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Dec 1, 2014 · Where does wealth really come from? I explain in the book how material wealth – i.e, the stuff we might normally think of as wealth, such as property and money (rather than ‘intangible wealth’, such as human potential and general wellbeing) must have its origins in the natural wealth of the earth.
Mar 10, 2012 · Where does the drive to accumulate wealth and possessions come from? And why doesn't materialism bring real happiness?
- How Did The Concept of Ownership Arise?
- What Is Behind That Drive to consume?
- How Else Do Possessions Relate to Identity?
- Why Is It Critical to Interrogate The Roots of Ownership?
Hunter gatherers don’t have a lot of possessions, because they can’t carry too many things around. Once we settled into societies, we started to accumulate wealth, so we needed rules to regulate who had access to resources and who could claim ownership. If you’re not present—if you wanted to go off and raid another tribe—those rules made sure your ...
Wired into the brain is the need to be accepted, to be valued. There’s pressure in today’s society to be seen as successful, and someone who has luxury goods can be seen that way. But there’s a misconception that the wealthier you are, the happier you will be. That’s true up to a point, but after you’ve reached a certain level of income (around $75...
In behavioral economics, there’s something called the endowment effect. When things become ours, we think they’re more valuable than other people do. The most satisfying explanation for this biasis to think about objects as an extension of identity. This was articulated by philosopher and psychologist William James when he said that the self is rea...
The main problem we’re facing is the future of the planet. Many factors contribute to climate change, but a major one is overconsumption, the relentless pursuit of material things that we don’t really need.
Where does wealth come from, who creates it and what destroys it? In this deep dive into global economics, Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems -- so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
understanding inequality requires an understanding of how wealth relates to the potential wealth an individual could accumulate and where this wealth comes from. Using administrative data from Norway, we create measures of potential wealth that abstract from differential consumption and spending behavior.
- Sandra E. Black, Paul J. Devereux, Fanny Landaud, Kjell G. Salvanes
- 2020
Sep 8, 2017 · Material wealth is a key factor shaping human development and well-being. Every year, hundreds of studies in social science and policy fields assess material wealth in low- and middle-income countries assuming that there is a single dimension by which households can move from poverty to prosperity.
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Issue Date December 2020. Much attention has been given to rising wealth inequality in recent decades. However, understanding inequality requires an understanding of how wealth relates to the potential wealth an individual could accumulate and where this wealth comes from.
