The Costs of Living
How Market Freedom Erodes the Best Things in Life
Bibliographic Data
| ID | 9826466 |
|---|---|
| Authors | Francis Fukuyama (corresponding author), Barry Schwartz (0000-0001-6947-9871, Swarthmore College) |
| Year | 1994 |
| Volume | 73 |
| Issue | 6 |
| Pages | 158 |
| Publication date | 1994-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20046944 |
| OpenAlex | W2087206875 |
| Language | EN |
| Citations received | 24 |
This text argues that market freedom is undermining much that is good in life and offers ways to put an end to this erosion. People value their freedom, family, friends, work, education, health and leisure - the things that are regarded as the things in life. However, the pressure to satisfy both the bottom line and the seemingly insatiable need to consume is eroding these best things. Children are more interested in what their sporting heroes earn than their actual sporting success; educational systems have become financial investments, and not media for learning; the business world turns idealists into cynics who cut corners, choose quantity over quality and cross legal boundaries; and professional people weigh the opportunity costs of spending time with their family and friends against working longer hours
Business · Development economics · Economic freedom · Economics · Market economy · Economic Theory and Institutions
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Developmental relationships as the active ingredient
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Conceptualizing and evaluating career success
Blessed Are Those Who Mourn
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Explaining when older persons are perceived as a burden
| Unique citing works | 24 |
|---|---|
| Citations per year | 0,83 |
| Citation span | 1997 - 2025 (29) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 22 |