The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 6

Why do most people want larger money incomes? Former British Prime Minister Margaret Thatcher once suggested that people are motivated by money not because they are greedy, but because money gives them more control over their lives. What do you think most people are ultimately after when they make sacrifices in order to increase their money incomes?