Urgent Evoke

A crash course in changing the world.

People are used to say "Time is money", but I prefer saying "Money is time!" instead.

Money eases the exchange of product and services.
However for earning it we have to invest our time.

I think the problem of "Global Western Society" is the big emphasis on the qualitative dimension of money. I'm not saying, that for ensuring a decent life, you don't need some money. I just believe that having a lot of money doesn't necessarily results in high general well-being of a person.

In the nineties an economist Juliet B.Schor identify the problem of the unexpected decline of leisure time in the USA. She explains that people are locked in "the work - spend" cycle, where people work more just to have more things, but this in fact results in lower life quality due to the lack of free time.

I invite you to explore World Database of Happiness, a project of Ruut Veenhoven, one of the most prominent researchers in the field of life satisfaction. Her investigation shows that when exceeding a certain material minimum, less well off nations are not less happier then people in the rich countries.

So, which countries are in fact the richest?
Those who have the most money or those who have the highest level of live satisfaction?
Is therefore GDP the right measure to use when talking of the wealth of one country or should we use alternative measures instead?


Well, next time, when you need something really bad ... think twice ... and remember that money is time ...



Views: 49

Comment by PJE on April 2, 2010 at 8:43pm
Hello Elastika,
This makes a lot of sense. I have been thinking about the lists of the wealthiest in the world and the most generous. I'd love to see a list of the happiest. It might be a revelation. There'd be so much to learn from it.
Hmnnn.. this list might not be so easy to find....
Best wishes
PJE
Comment by Marc-Emmanuel on April 2, 2010 at 8:52pm
You just made me think about a video a saw some time ago:
http://video.google.com/videoplay?docid=6127548813950043200#

Basically, you need to stop willing to have more, to truly enjoy what you already have.
Comment by Elastika on April 2, 2010 at 8:57pm
@PJE: Scan the World Datebase of happiness and you'll find this data.

@Marc-Emmanuel: definitely more is less, when having enough.
Comment by kevin Jones on April 2, 2010 at 8:59pm
i like this, too. i am thinking about alternative currencies, attention currency and other ways of thinking about money. im also working to make capital more inherently friendly to the entrepreneur so the power imbalances of capital are addressed.
Comment by Elastika on April 2, 2010 at 9:04pm
@kevin: Fascinating topics! When addressing those issues is also useful to study the concept of economic growth vs. steady state economy
Comment by kevin Jones on April 2, 2010 at 9:04pm
I wonder what juliet schor thinks about overspending now that people are not doing it.
Comment by Elastika on April 2, 2010 at 9:12pm
don't know what Juliet says, however I know that planet is happy :)
Comment by kevin Jones on April 2, 2010 at 9:22pm
that level of macro approach does not work for what my fund is doing. but i like the ideas.
Comment by Elastika on April 3, 2010 at 6:51pm
tnx Ethan, can I also give you some NC for your fantastic post? ;)
Comment by Turil Cronburg on April 3, 2010 at 8:07pm
It looks like you didn't mention Gross National Happiness, which is what the country of Bhutan uses. I've been promoting that idea for a long time now, though I tend to change the H to Health, since health is both mental and physical, which is even better than just happiness. :-)

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