Economics, palliative care and life regrets

The production and exchange of food is a major part of economics.  Therefore economics is about life and living and it is appropriate to comment on this news item about the regrets of people of their death beds.

An Australian palliative care nurse has identified the top five regrets of people who are dying.  Second on the list was ‘I wish I hadn’t worked so hard’.  Men especially missed their children’s youth and their partner’s companionship.  “All of the men I nursed deeply regretted spending so much of their lives on the treadmill of a work existence,” said the nurse.

I see this as a reminder that each of us, on a personal level, should reevaluate our commitment to economic growth, the work ethic and   retirement savings.  ( I included the last item because retirement savings can be wiped out by inflation or the failure of firms.  Our retirement standard of living will depend upon the ratio of people to the quantity of goods and services being produced at the time.)

Generally the most important things in life we have to learn for ourselves.  But smart people also learn by listening to others.  When one is in palliative care it is too late to learn.

 

If you liked this post your are invited to comment, press the like button and/or click  one of the share buttons. If you disagree you are invited to say why in a comment.  While I like the idea of sharing this platform, my personality is such that I don’t reply to many comments.

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One Response

  1. Couldn’t agree more. As an economist, it has always bothered me that the “perfect” country in terms of GDP etc, is basically one which works every minute of every day.

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