Articles in Money
In the end, money matters.
Wisdom and people matter most.
It is unknown if it will take five, ten, or more years to bring Bhutan out of poverty and increase the country’s Gross National Happiness. Policy makers cannot look to another nation for examples of what to do or what not to do for the Gross National Happiness of its nation. There are no known solutions. This is one of the features of an irresolvable dilemma. Yet the future of Bhutan’s Gross National Happiness depends on whether policy makers in Bhutan can live with the irresolvable dilemma of Gross National Happiness.
In Kim Cameron’s Deviance Continuum, designed for use in businesses and other organizations, normality or healthy performance is a mid-point between positively deviant and negatively deviant performance. Negative and positive deviance are aberrations from normal functioning, problematic at one end and virtuous at the other.
Yesterday I wrote about secrets of goal setting. A survey conducted a few years ago by consultancy FranklinCovey found that 35% of respondents break their resolutions by the end of January. Actually, I was surprised the figure wasn’t higher. So goal commitment is also an important area to examine more closely in positive psychology coaching for self or others.
For those interested in positive psychology, there are many unanswered questions about the link between subjective well-being and needs such as those in Maslow’s hierarchy. That’s why new research by Louis Tay and Ed Diener caught my eye today. Some of the questions tackled in the study include whether needs really are universal and if so whether they are related to subjective well-being (SWB) in all cultures, and whether needs are individually required or whether they influence well-being synergistically.
One of my fascinations with positive psychology is the existence of its many paradoxes. So as soon as I came across this new research report Money Giveth, Money Taketh Away, my eyes lit up. The researchers explored the widely-held belief that experiencing the best things in life undermines your ability to enjoy life’s little pleasures.
To further elaborate on why the riches are not equivalent to happiness, I adopt the approach used by Daniel Kahneman, winner of the Nobel Prize in Economics, of looking at happiness as moment-to-moment experience instead of general well-being or flourishing. When we break down happiness into moment-to-moment experience, riches do not necessarily make people happier. Why not?
Don’t worry when people tell you it will be hard to find a job. What the doom-and-gloom folks don’t understand is that they have something as contagious as the H1N1 virus– anxiety. Like the flu, they are probably “carriers” without even realizing it. You can innoculate yourself.
So you have some extra cash in your pocket. Do you spend it on the latest gizmo or on going to a restaurant with friends? How does your choice affect your happiness?
Money as …
There has been a widespread discussion on whether or not positive psychology is effective from a business perspective. There are strong links between positive psychology and organizational performance, many captured in work in the field of Positive Organizational Behavior (POB). Here I summarize a longer, recently published paper.