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"...I rarely find smart people willing to grapple with this higher-order problem unless they have a background in economics" Interesting. I recently came to t
by pchristensen 19y ago
"...I rarely find smart people willing to grapple with this higher-order problem unless they have a background in economics"
Interesting. I recently came to the same conclusion (for myself anyways) - my thinking became a lot bigger after reading (addmittedly pop-)economics books like Freakonomics, Hidden Order (the better of the two IMHO), etc. It's not perfect, but I have yet to see a better explanation than the utility-maximizing principle (I made up that name but you get the idea). The key is to remember that all utility is not created equal, and that there are diminishing returns. (sorry, rambling)
- jsmcgd 19y agoSeconded. I recently read 'The Undercover Economist'. I kept thinking that everyone in every field needs some grasp of basic economics.
- pchristensen 19y agoThat was the third book that I was trying to remember but it became "etc". Thanks! I also highly recommend it.