…we don’t really need most of the things we buy. … We just imagine we’d be happier with them. – Virginia Postrel
What does that mean?
Sometimes the research on the quote is the most interesting part. It was a quote that started with “As many a social critic has preached, …”, so it was more a meta-quote, the work of others, repeated, paraphrased, and attributed. Which made it all the more interesting.
In context of her article, she is cautioning against irrational exuberance, and the article tries to differentiate between sane economic gambling and allowing emotions to override logic in investments. This carries over to the rest of us in the form of “consumerism”, or the irrational want of something that won’t be as good as we hope. We end up being like addicts, running from one “fix” to another, never being really happy, and always hoping that the next thing we purchase will do the trick.
Why is happiness important? Continue reading