“Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.”

The Price of Civilization: Reawakening American Virtue and Prosperity" The Price of Civilization, 2011
Context: Though the United States is one of the world’s richest economies by per capita income, it ranks only around seventeenth in reported life satisfaction. It is superseded not only by the likely candidates of Finland, Norway, and Sweden, which all rank above the United States but also by less likely candidates such as Costa Rica and the Dominican Republic. Indeed, one might surmise that it is health and longevity rather than income that give the biggest boost to reported life satisfaction. Since good health and longevity can be achieved at per capita income levels well below those of the United States, so too can life satisfaction. One marketing expert put it this way, with only slight exaggeration: Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn’t cost much, but showing off does.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living…" by Jeffrey D. Sachs?
Jeffrey D. Sachs photo
Jeffrey D. Sachs 29
American economist 1954

Related quotes

Antonio Negri photo

“Talent is cheap; dedication is expensive. It will cost you your life.”

Source: The Agony and the Ecstasy

Jeremy Clarkson photo
Robert Burton photo

“Who cannot give good counsel? 'Tis cheap, it costs them nothing.”

Section 2, member 3, Air rectified. With a digression of the Air.
The Anatomy of Melancholy (1621), Part II

Thomas Sowell photo

“Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

Source: 1980s–1990s, Knowledge and Decisions (1980; 1996), Ch. 5 : Political Trade-Offs

Barbara W. Tuchman photo
Theodore Kaczynski photo
A. P. Herbert photo

“Justice should be cheap but judges expensive.”

"What Is a Judge?"
Uncommon Law (1935)

James Gleick photo

“When information is cheap, attention becomes expensive.”

Source: The Information: A History, a Theory, a Flood

Peter Sloterdijk photo

Related topics