Tuesday, August 7, 2018

Can Economics teach us how to live?

Former student Quinn Connolly translates Jordan Peterson’s Rules for Life into economics:

  •  Signaling, “Stand up straight with your shoulders back.”
  •  Moral hazard. Rule No. 2 is “Treat yourself like someone you are responsible for helping.” 
  • Asymmetric information. Rule No. 9 is “Assume that the person you are listening to might know something you don’t.”
  • Short-termism. ...shortsighted thinking can be used to justify absolutely anything and therefore “breeds nothing good.”
  • Future Value.  “Pursue what is meaningful, not what is expedient.” 

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