People who compare their earnings with others are damaging their health, becoming less happy, more depressed, and less satisfied with life overall, according to new research by Professors Andrew Clark and Claudia Senik from the Paris School of Economics, to be presented at the annual conference of the Royal Economic Society. (BBC report here.)
And it is reflective of the holonic model that describes the sophisticated values and needs of intelligent beings. As people’s basic needs for shelter and food are satisfied we value intellectual and emotional stimulation more. The model is outlined here.