Greed translates into higher earnings and stimulates economic development

Greed, commonly condemned and associated with fraud and financial crises, can also have a positive impact both on individuals possessing this trait and on the entire economy. These are the conclusions reached by researchers from Tilburg University in the Netherlands who examined how greed affects earnings and household incomes, life satisfaction, and relationships with other people. It turns out that greedy people, although more often unhappy and dissatisfied with life, perform better economically than those without this trait.

"Greed is an unsatisfied desire to have more. It may involve money or material possessions, as well as intangible experiences such as friendship, status, or food. It is therefore quite a broad definition," Karlijn Hoyer, an economic psychologist from Tilburg University, said.

As she pointed out, greed is a trait that in society generally has negative connotations. It is condemned as immoral, sinful, or even evil. It is associated with fraud and scandals and is often referred to as the main cause of financial crises. Despite these negative traits, greed can also have positive aspects that affect economic development, among other things.

(Newseria)