Attention Economy


Friday, August 6, 2021

Being Content

Escaping the Efficiency Trap—and Finding Some Peace of Mind
https://www.wsj.com/articles/escaping-the-efficiency-trapand-finding-some-peace-of-mind-11628262751
Oliver Burkeman notes:
Research shows that this feeling arises on every rung of the economic ladder. If you’re working two minimum-wage jobs to put food in your children’s stomachs, there’s a good chance you’ll feel overstretched. But if you’re better off, you’ll find yourself feeling overstretched for reasons that seem, to you, no less compelling: because you have a nicer house with higher mortgage payments, or because the demands of your (interesting, well-paid) job conflict with your longing to spend time with your aging parents, or to be more involved in your children’s lives, or to dedicate your life to fighting climate change”.
 
Adam Smith (Theory of Moral Sentiments):
https://www.bl.uk/collection-items/the-theory-of-moral-sentiments-by-adam-smith
The poor man's son, whom heaven in its anger has visited with ambition, when he begins to look around him, admires the condition of the rich. He finds the cottage of his father too small for his accommodation, and fancies he should be lodged more at his ease in a palace. He is displeased with being obliged to walk a-foot, or to endure the fatigue of riding on horseback. He sees his superiors carried about in machines, and imagines that in one of these he could travel with less inconveniency.... He thinks if he had attained all these, he would sit still contentedly, and be quiet, enjoying himself in the thought of the happiness and tranquility of his situation. He is enchanted with the distant idea of this felicity. It appears in his fancy like the life of some superior rank of beings, and, in order to arrive at it, he devotes himself forever to the pursuit of wealth and greatness. To obtain the conveniencies which these afford, he submits in the first year, nay in the first month of his application, to more fatigue of body and more uneasiness of mind than he could have suffered through the whole of his life from want of them. He studies to distinguish himself in some laborious profession. With the most unrelenting industry he labours night and day to acquire talents superior to all his competitors. He endeavours next to bring those talents into public view, and with equal assiduity solicits every opportunity of employment. For this purpose he makes his court to all mankind; he serves those whom he hates, and is obsequious to those whom he despises. Through the whole of his life he pursues the idea of a certain artificial and elegant repose which he may never arrive at, for which he sacrifices a real tranquility that is at all times in his power, and which if in the extremity of old age, he should at last attain to it, he will find to be in no respect preferable to that humble security and contentment which he had abandoned for it. It is then ... that he begins at last to find that wealth and greatness are mere trinkets of frivolous utility”