PsycHacks

Episode 22: Money is incentivized altruism

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Aug 18, 2021
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INSIGHT

Money As A Socially Created Motivator

  • Money is a socially fabricated fiction that carries little inherent value.
  • It functions as a collective trick that motivates people to provide services to strangers.
ANECDOTE

Young Clients' Negative Beliefs

  • Dr. Orion Terriban describes young clients who view money as corrupting or evil.
  • He contrasts that belief with his view that money, used properly, supports constructive work.
INSIGHT

Work As Invisible Service To Strangers

  • Most jobs involve serving other people, often strangers, and money enables that exchange.
  • Removing money would reframe many paid roles as saintly service rather than wage labor.
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