Tuesday, June 12, 2012

4 Steps 2 Happiness


I subscribe to illustrations by Carl Richards on his website Behavior Gap. I found this latest illustration on point. In my Economics classes I try to explain the concept of unlimited wants vs limited resources. Most of my students do not accept this concept and confuse wants with needs. I am thinking of assigning the following questions as homework after the first lecture.

  • What if financial happiness is not about getting more but about wanting less?
  • What if things start out as wants and become needs not because the thing itself has changed but because our feelings about it have changed?
  • What if you can never really get enough of something that you don’t need?
I will modify the questions removing the word financial.  I encourage everyone to follow this link to view Mr. Richard's illustration.

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