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The Relationship Between Income and Subjective Well-Being: Relative or Absolute?

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The Relationship Between Income and Subjective Well-Being: Relative or Absolute?
Author(s)Diener, Ed; Sandvik, Ed; Seidlitz, Larry; Diener, Marissa
AbstractThis article addressed the complex relationship between religion and the market by proposing three basic paradigms, and then applying them to contemporary Christian social thought (or social ethics). The first conflicting model, following Max Weber and Karl Marx, views religion and the market in opposition, which results in greater secularisation. The second, following Emile Durkheim, proposes a ‘functionalist’ model of society, in which the market itself becomes sacred. The third, following Karl Polanyi, claims the two are more dialectical, in that both are affected by the power of the other; they remain in an ambiguous relationship. The author argues that the third model is the most coherent description of this complex relationship as well as the one most consistent with the convictions of Christian social thought.
IssueNo3
Pages195-223
ArticleAccess to Article
SourceSocial Indicators Research
VolumeNo28
PubDate 1993
ISBN_ISSN0303-8300

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