One of the mysteries of the English language finally explained.
The nonmonetary or nonmaterial satisfactions that accompany an occupation or economic activity.
- ‘If we hold an egoistic social ethic, then obviously we can only applaud the maximization of monetary income, or of a mixture of monetary and other psychic income, on the market.’
- ‘Were the costs to the tax-payer offset by the psychic income derived from being a citizen of a great power, or does this proposition mistake acquiescence for enthusiasm?’
- ‘All suppliers in free markets restrict their supplies in the sense that they only supply as much of a good or resource as they determine will maximize their monetary or psychic income.’
- ‘To be sure, real income is important, but psychic income is even more important.’
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