What is the point of economic activity? Well, the most obvious reason people start and run companies or work for them is to make a living. But there are other, subtler reasons we trade effort and time for money. It gives us a sense of purpose, achievement, independence, and our jobs are often a big part of our identity.
Could we not derive those benefits from a challenging hobby – mountain climbing maybe? To an extent. But to quote Virginia Woolf, money dignifies what is frivolous if unpaid for. Of course, there is also purpose and dignity in staying at […]
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