In economics, psychic profit is the non-monetary benefits that people receive from their work. It includes things like the sense of accomplishment, the social interaction, and the opportunity to learn new things. Psychic profit is often contrasted with economic profit, which is the monetary profit that people receive from their work.
The concept of psychic profit was first introduced by the Austrian economist Ludwig von Mises in his book Human Action. Mises argued that psychic profit is the ultimate goal of all economic activity. He said that people work not only for money, but also for the non-monetary benefits that they receive from their work.