The Implications of Satisfaction Economy on Different Fields of Study

Introduction In today’s world, the economic, social, and environmental challenges we face require a new way of thinking and a paradigm shift in our approach to problem-solving. The satisfaction economy, with its focus on self-governance, trust-based systems, and a satisfaction-based approach, offers a promising framework for achieving these goals. A holistic and multidisciplinary approach to …

Satisfaction Economy: Reversing the Tragedy of the Commons and Promoting Sustainable Development

The satisfaction economy aims to create a new economic paradigm that prioritizes personal satisfaction and wellbeing over material possessions and economic growth. The tragedy of the commons is a concept that highlights the conflict between individual and collective rationality. It occurs when each individual is incentivized to act in a way that will ultimately be …