Hedonics vs. Economics – Does pleasure trump money?



Hedonics vs. Economics – Does pleasure trump money?
By Zan Azlee

Whenever we think of improving our lives, the first thing that comes to mind is always money. When we have no money problems, we should be sorted.

Think about it. Take for example, how we look for a job. One of the first instincts we have is to look for a job that pays us a big salary that is to our satisfaction.

But is that really everything we have to think about? As they say, money can buy a lot of things, but it definitely can’t buy you happiness. Cliched, but is it really true?

Have you ever heard of the term hedonics? Yes, it actually comes from the Greek word ‘hedonism’, a school of thought that says pleasure is the only intrinsic good.

It has negative connotations, I know. Basically, it argues that all humans need to do is to seek for things that give them pleasure minus the pain.

But the term hedonics is actually much more than that. What it means is that we also need to value things that makes us happy but are intangible.

Let’s say I have to choose between two jobs. Job A pays me RM3,000 a month while job B pays me only RM2,500 a month.

If I were to only look at the literal economics of it, the most logical decision for me would be to pick job A over job B.

However, if we were to see things from the hedonics point of view, which job will make me happier plays a very important role in my decision-making. [Click to read the full article at KopitiamEkonomi.Com]

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