Preview

Arthur Krystal, Robert Reich and a Personl Look at the Importance of Money

Better Essays
Open Document
Open Document
1433 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Arthur Krystal, Robert Reich and a Personl Look at the Importance of Money
New car: $30,000. In ground pool for the kids: $20,000. New diamond ring for 25th anniversary: $4,000. Earning the money you spend honestly and through an enjoyable career: Priceless. When asked to define success, many people’s answers include the word “money”. Money is only a piece of paper that has been given “value” in order to trade it for something of equal “value”. So why does money define a person’s success or worth? Shouldn’t success be defined by personal achievements or at least sincere attempts? Why do we as a society allow others to judge our bank account as a direct connection to our success? People do need money, no argument there. We need it to survive and we need it to live in comfort, which it is safe to say, is a desire of all people. If you earn your money honestly, it should not matter what you spend it on to make you happy—as long as your purchases are needed or will bring genuine joy to you or those you love and not just give you a higher social status.
“Some scholars have pointed [money’s] role as an incentive, insofar as people want money in order to trade it for prized goods or services. Others, however, have deplored money for undermining interpersonal harmony.” (Vohs 1154). Of course we work in order to make money. However, money should not be made just for the fact of making it. Vohs’s article notes that money makes people feel self-sufficient and independent of needing help from others (1154). This self-sufficient feeling spurring from money is an outcome of society’s definition characterization of success. Arthur Krystal’s article Who Speaks for the Lazy? has many references to the way today’s society defines success in terms of money and career. In the very first sentence, he implies that success seems to be less attainable without a college degree—which leads to a career, which leads to money, which leads to “success”—success of course being that correlation between the checking account balance and “worth”.



Cited: Bhattacharya, Saurabh, Bhattacharya Anupama. “The Color of Money”. http://www.lifepositive.com/Mind/money/money-value.asp Krystal, Arthur. “Who Speaks for the Lazy?” The New Yorker. 26 April 1999. Reich, Robert. “Why the Rich are Getting Richer and the Poor Are Getting Poorer” Speculations: An Anthology for Reading, Writing and Research. 2nd ed. Ed. Paula Anca Farca, Matthew Wynn Sivils, Constance Squires. Kendal/Hunt: Dubuque, IA, 2006. 259-269. Vohs, Kathleen D., Nicole L. Mead, Miranda R. Goode. “The Psychological Consequence of Money.” 17 Nov. 2006. <http://www.sciencemag.org/cgi/reprint/314/5802/1154.pdf>

You May Also Find These Documents Helpful

  • Good Essays

    David Sze (July 7, 2015) posted a column in the Huffington Post entitled, “Money and Happiness? It’s Complicated.” As the title suggests, Sze discusses the link between having money and finding happiness, or “life satisfaction.” He approaches the issue from a post-modern perspective without considering any transcendent categories to evaluate the issue. Leaving a theistic perspective out, Sze struggles to find an adequate explanation for meaning, happiness and satisfaction in life.…

    • 615 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In this current day and age, the ideology that money creates stress and unhappiness is commonly preached. Despite what is said today, in the 19th century, William Hazlitt writes the complete and utter opposite in his essay “On the Want of Money” where he writes money is not the root of all evil but an imperative aspect to a content life. To substantiate his beliefs, he uses several rhetorical strategies and examples to develop his position on money.…

    • 381 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Money is of major importance in today’s society. If you have an abundance of it, it could vault you into a life of friends, leisure, and fame. Contrarily, a lacking of it could leave you with absolutely nothing but shambles. Indeed, that is the point William Hazlitt attempts to make in “on the want of money.” By using appeal to prosperity, contrasting of ideas, and the idea of ethos, Hazlitt effectively persuades the reader that money is needed to achieve their desired goals.…

    • 761 Words
    • 4 Pages
    Good Essays
  • Good Essays

    “Those who considered financial success a relatively central value reported significantly lower levels of self actualization and vitality, as well as significantly higher levels of depression and anxiety.” (Kasser 367) Essentially the results supported the premise that materialism is an unhealthy…

    • 665 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The characteristics of greed and materialism are a disguise, and provide a distraction that is ephemeral, ultimately leaving one feeling dissatisfied. In today’s world, people are searching for something monumental and better than what they previously had. If one were to ask someone what their objective was in their lifetime, most would say to be happy and successful. Who doesn’t want that? As time passes, the misconception that happiness and money are the same is more widely found.…

    • 304 Words
    • 2 Pages
    Good Essays
  • Good Essays

    To start with, money is not the right yardstick of the life. In these day, people doing everything because they want a money as the result. The competition in the society is high and each person have different among of money. In addition, it seem to be that the person who have a lot of money will be success in today society. It is possible to say that many people use money to be judge the yardstick of the life.…

    • 687 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The author begins by talking about the Easterlin Paradox which is made by the economist Richard Easterlin which argues that having money does not lead into happiness. In fact, Leonhardt interviewed Daniel Kahneman who is the winner of 2002 Nobel Prize and he agrees with the Easterlin Paradox as well. On the other hand, Betsey Stevenson and Justin Wolfers who are two young economists from the University of Pennsylvania agree with the author but they think that there are other factors that contribute to happiness. Furthermore, Leonhardt interviewed Easterlin who stated that people in rich countries are more satisfied in the poor ones but he argued that there are other factors that influenced their happiness other than money; because there are individuals in rich countries who are not satisfied with their lives. The author concludes his argument by stating that he believes that money can drastically affect people’s…

    • 1058 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The true path to happiness is usually painted as a dollar sign; however, in Jessica Krampe’s article “Does Money Really Make People Happier?” a different picture is painted. In fact, money may negatively impact our lives if not utilized correctly despite popular understanding that it is the key to limitless happiness. While money does play an important role in the creation of individual happiness by providing safety and stability, money may also act as a conduit for insecurity and a feeling of being constricted. Krampe exposes the steps behind happiness when combined with wealth. Emphasizing that luxury will not facilitate happiness in the long run, the logic and statistics used by Kempre further pushes the idea that modesty and self-worth…

    • 159 Words
    • 1 Page
    Good Essays
  • Good Essays

    Aristotle describes this lifestyle as being in a way “forced on him” (5) because he uses money as a means to other ends such as items that give pleasure or power to gain status and honor. Even though it seems obvious, there are still many people who chase money for the sake of having more money. This can be saddening because these people never realize that there is more to life than green pieces of paper; however in this American capitalist society, one is taught from a young age to strive to be successful and make lot of money. While money is still necessary in order to survive, it is not the money that we should be aiming at, but the lifestyle that having sufficient money permits us to…

    • 747 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Success In America

    • 977 Words
    • 4 Pages

    I probably acquired this from my family because my family has taught me to suppress my desire for material objects and strive to live within my means. They taught me the difference between “needs” and “wants” at a very young age. Considering this, I equate success more with achieving individual accomplishments I have committed myself to, maintaining strong relations with family and friends, and most importantly striving to be the best father and husband that I can be. I could own a mansion, own three Lamborghinis, take exotic vacations every two months, wear designer suits everyday, and be perceived as successful to many Americans. However, I would still consider myself unsuccessful in this scenario if I were failing to satisfy my personal definition for success. This is because I do not think any possessions or lifestyle alone could ever insure long-term happiness for me. I would be lying if I said finances were unimportant to me, but I am more concerned with financial security and stability as opposed to any concerns with presenting an image that I have achieved financial excess. For example, I would rather have an inexpensive car that is reliable instead of paying high monthly payments on a sports car. I believe many American cultures and our society overall has granted relations with material objects and social class lifestyle too much weight. I do not want to…

    • 977 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Definition Essay

    • 652 Words
    • 3 Pages

    Marketers constantly push for us to believe that living a self-centered life will bring us success and everything essential to living a happy life. Sadly, life requires nothing but the opposite. Although money does make life easier, it certainly does not make it any better. In most cases the opposite is true. Money can be compared to a pop star’s latest hit; it is great for a while and can keep us entertained. After a short period of time, though, it becomes terribly old and we find ourselves searching for a new way to sustain happiness. It is believed by many that money makes a man intelligent and wise. Contradicting this, dedicated study and hard work are mandatory to be successfully wise. Society also loves to portray marriage made easy through the possession of money. We all have learned from our grandparents the only way to a successful marriage is unconditional love, trust, and support for our significant other.…

    • 652 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In our society, college students depend on money to fund their education, regardless of the lack of any vocation. "I am brainless, but money is the real brain of all things and how then should its possessor be brainless?"(Marx) Despite any semblance of intelligence, a rich person can have a good education simply because the funds are readily available to that person. With this money, a person finds that they are not limited to any particular institution of higher learning and can seek far and wide for the finest establishment, whereas, without the money, a person would not have that power and would have to settle with what they could afford, if they could afford any degree at all. "He can buy clever people for himself, and is he who has a power over the clever not more clever than the clever" (Marx). Money is the ultimate intelligence. Wielding vast sums of money can enable a person to have under his command a multitude of people to do all the hard thinking for him. "The extent of the power of money is the extent of my power" (Marx). If a person has the right amount of money, that person can join in any of the Greek organizations on campus which are essentially ways to buy friends. If a student has enough money, that student can be in the best sorority or the best fraternity. That means that person has the best of friends and fun.…

    • 351 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    Success Definition Essay

    • 874 Words
    • 3 Pages

    Marketers want us to believe that living a selfish life, involving nothing but the pursuit of money and fame will bring success and happiness. Sadly, this is not true. Money is comparable to the often-mentioned new toy, fun while it is brand new and fresh, it’s terribly boring and unexciting after a few hours of play. Money can buy us conveniences and comforts. One needs much more than superficial luxuries to live a successful, well balanced life. Money does make life easier but it does not necessarily make it better. For example, money cannot make one knowledgeable or wise that only comes with hard work and committed study. And money cannot help one forge a long term relationship with a husband that only comes through love, commitment, and sacrifice. All the money in the world cannot teach respect or courtesy that comes with a good upbringing and a strong concern for the feelings of others. Can money give the gift of patience, leadership, appreciation, courage, friendship…

    • 874 Words
    • 3 Pages
    Powerful Essays
  • Satisfactory Essays

    Although money can buy our necessary needs such as a bed, computers, books, food, and acquaintances, it can't buy respect, common sense, a purpose in life, a close-knit family and a strong work ethic. In my opinion, money can buy the illusion of happiness, but the true happiness has no money value. Also, money can also ruin your social relationship between your friends and family. From the story "The Scholarship Jacket", it told a story of a girl, named Marta, who grew up her with her father, who was a farm laborer, but he didn't make enough money to feed eight of his children. So she moved to live with her grandparents But despite having no money, she had a loving family, and it didn't stop her from working hard to achieve her goals, to have…

    • 139 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Organizational behaviour in fast food industry is an important area to analyze as fast food sector is growing rapidly. It has direct positive relation with organizational productivity. Around the globe, the penetration of fast food sector is enormous. A field study was conducted in order to evaluate the employees’ perception of various dynamics of organizational behaviour. The context selected was the fast food restaurants of Pakistan. A sample of 100 fast food restaurants’ employee was selected and data was collected using pre-printed structured questionnaires. The main data collection technique employed was factor loading using principle component analysis. It was performed on various constructs which were used to understand the organizational behaviour.…

    • 20479 Words
    • 82 Pages
    Powerful Essays