Response to Katie - full post here : http://notralphwaldoemerson.blogspot.com/2012/01/broke.html
Given that extrinsic motivation undermines intrinsic motivation - meaning that rewards/bonuses and such actually decrease a person's motivation to make music because they want to. I would argue that people making music for music's sake, and teaching for teaching's sake, and being athletic (and fit) for athletic's sake, would greatly increase the culture and passion to perform.
If all musicians were so because they loved music and not money, it would rule out those who write music for wealth - the industry would be better and filled with more heart-felt music.
If all teachers were so because they loved teaching and not money, it would allow them to be fully engaged in their teaching and to be fully invested in the students, not the check - the education system would be better and filled with genuinely compassionate students. P.S. Teachers are not really paid enough where a person would want to become one to receive high pay.
I mean think about ancient civilizations during which time they had no currency, people taught and made music just for fun, to continue legends, and because it's just enjoyable, no culture was destroyed there.
As an additional note, if the entire society followed benevolence, then this economic system would probably not flourish.
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