Monday, June 14, 2010

Raj Rocks

I've finally got my hands on a copy of Raj Patel's 'The Value of Nothing' (from the library, of course - sorry Raj). I wouldn't exactly call it light reading - especially for me as I don't really know all that much about Economics - but so far it certainly provides a piercing examination of the basic assumptions upon which our free market world has been built. In an analysis of the relationship between material wealth and happiness, Patel makes the observation (based on the results of research) that "after a certain point, more money doesn't make us happier. Instead, we find ourselves on a hedonic treadmill, in which happiness is about matching our level of consumption with our peers". This rings true to me. How sad.

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