The economy we have today will let you chow down on a supersize McBurger, check derivative prices on your latest smartphone, and drive your giant SUV down the block to buy a McMansion on hypercredit. It’s a vision of the good life that I call (a tiny gnat standing on the shoulders of the great Amartya Sen) hedonic opulence. And it’s a conception built in and for the industrial age: about having more. Now consider a different vision: maybe crafting a fine meal, to be accompanied by local, award-winning microbrewed beer your friends have brought over, and then walking back to the studio where you’re designing a building whose goal is nothing less than rivaling the Sagrada Familia. That’s an alternate vision, one I call eudaimonic prosperity, and it’s about living meaningfully well. Its purpose is not merely passive, slack-jawed “consuming” but living: doing, achieving, fulfilling, becoming, inspiring, transcending, creating, accomplishing — all the stuff that matters the most. See the difference? Opulence is Donald Trump. Eudaimonia is the Declaration of Independence.
Source: blogs.hbr.org