Status goods, non-satiation and happines - preferences drifts form social interaction

7 important questions on Status goods, non-satiation and happines - preferences drifts form social interaction

Hobbes: competition between individuals

from the motive of fear and the need for security and power

Positional goods (Hirsch)

goods that confer status
subject to social scarcity --> relative position

Types of social scarcities

- absolute physical scarcites
- social factors·       
- goods that generate satisfaction independent from satisfaction enjoyed by others
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

Hirsch: when the economy grows then the demand shifts ...

from private goods to positional goods

4 reasons demand-induced supply of working time (Schor)

·there are always significant per-person costs associated with                               employment --> minimixe fixed costs
·raise their labor control by making the employee more dependent on               the firm
·desire to use machinery intensively
·use a high number of hours as a screening device to identify committed           employees

According John Stuart Mill: best state for human nature

Best state for human nature is that in which, while no one is poor not one desires to be richer nor has any reason to fear from being thrust back, by the efforts of others to push themselves forward.

Keyness V.S van Duijn

Keyness: I see us free, therefore to return to some of the most sure and certain principles of religion and traditional virtue, that avarice is a vice, and the love of money is detestable.

Van Duijn: Everything depends on our  will to grow... only if people in Europe are prepared to work more hours, we can maintain our welfare.

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo