
Edmund Phelps on Mass Flourishing
EconTalk
00:00
What's the Difference Between Material and Non Material?
In the first modern economies, britain and america, around 18 twenties, we're just full of people tinkering and a experimenting and exploringand sometimes discovering new ways to produce. We are comfortable materially, but that's not what makes our lives so pleasant. I don't think it's part of it, but it's not reason. So my question is, is it? What portion of the American work force has such a life,. this life of challenge and change and interesting new things that come along at one extreme, versus the bolt theother, turning the bolt at the other extreme.
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