Free Markets and Meaning in Life

7/31/20
 
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from The Wall Street Journal,
7/29/20:

Existential agency’ is correlated with belief in capitalism and entrepreneurship.

A growing body of behavioral-science research indicates that believing life has meaning helps individuals thrive. People who view their decisions as existentially weighty cope better with stress and tragedy. They also live longer and healthier lives. Disbelief in meaning is a major risk factor for depression, substance abuse and suicide. But the idea that our actions are consequential has effects beyond psychology. Our research has found that a sense of life’s meaningfulness is tightly tied to positive views of capitalism and entrepreneurship.

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