"Though the United States is one of the world’s richest economies by per capita income, it ranks only around seventeenth in reported life satisfaction. It is superseded not only by the likely candidates of Finland, Norway, and Sweden, which all rank above the United States but also by less likely candidates such as Costa Rica and the Dominican Republic. Indeed, one might surmise that it is health and longevity rather than income that give the biggest boost to reported life satisfaction. Since good health and longevity can be achieved at per capita income levels well below those of the United States, so too can life satisfaction. One marketing expert put it this way, with only slight exaggeration: Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.”"
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Academics from the United StatesPhilosophers from the United StatesDiplomats of the United StatesEconomists from the United StatesAnti-poverty advocates
Original Language: English
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The Price of Civilization: Reawakening American Virtue and Prosperity The Price of Civilization 2011
https://en.wikiquote.org/wiki/Jeffrey_Sachs
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Jeffrey Sachs
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