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July 10, 2007
Tuesday
 
 
Defending prosperity
Johnathan Pearce (London)  Blogging & Bloggers

A quick plug for this excellent weblog of Daniel Ben-Ami, a freelance journalist who knows his economics. Daniel holds the heretical belief that material prosperity is a good thing and has debunked some of the recent nonsense about how people are made "unhappy" by material wealth. His site is definitely worth a regular visit.

Comments

If anyone believes that their material wealth is making them unhappy they can give the money to me.


Posted by Paul Marks at July 10, 2007 06:19 PM

Being cold and hungry and sick made me unhappy. Wealth may not automatically make people happy, but people with wealth can buy blankets and triple-pane windows and home insulation and gas for the water heater and food and clean drinking water and medicine.

Thus Sunfish has spoken and refuted the "forward to the Pleistoceine" socialists.


Posted by Sunfish at July 10, 2007 10:57 PM

I've never heard of him before but his article "A Sneaky Attack on Prosperity" is certainly enlightening.


Posted by Kenneth at July 11, 2007 02:31 AM

It is other people being wealthy and having higher social status that makes people unhappy. In particular sociologists and psychiatrists from privileged backgrounds are often deeply iritated that they are not respected or rewarded as much as vulgar popular entertainers or businessmen, and would like us to know that this is all wrong and very bad for us.

Ben-Ami is of the Spiked/Institute of Ideas liberatarian tendency.


Posted by guy herbert at July 11, 2007 06:57 AM

Money can't buy happiness - but it certainly helps with the instalments.


Posted by Neil Reddin at July 11, 2007 09:56 AM

Whoever said money can't buy happiness never went shopping with my first wife.


Posted by MarkE at July 11, 2007 04:16 PM

Guy Herbert is quite correct.

Ludwig Von Mises was fond of pointing out that many people resented those of lesser edcuation or culture having more money than them - and so came to believe, and argue, that civil society (the process of civil interaction by which this came to pass) was somehow in need of "control".

The "Anticapitalist Mentality" is an example of Mises making this point.

However, the mentality is ancient - it goes back to Plato and, most likely, before.


Posted by Paul Marks at July 14, 2007 09:12 PM
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