Falkenblog: Why Envy Dominates Greed
falkenblog.blogspot.com · 7,188 words · saved by 1 readers
Economists generally think of self-interest as maximizing the present value of one’s consumption, or wealth, independent of others. Wealth ...
Falkenblog: Why Envy Dominates Greed Sunday, March 28, 2010 Why Envy Dominates Greed Economists generally think of self-interest as maximizing the present value of one’s consumption, or wealth, independent of others. Wealth can be generalized to include not just their financial assets, but the present value of their labor income and even public goods. Adam Smith emphasized a self-interest that also recognized social position and regard for society as a whole, but this was well before anyone thought of writing down a utility function, which is a mathematically precise formulation of how p
saved by
related reading
- The Hypocrisy of Elites - Erik Torenbergeriktorenberg.substack.com
- The Markets Aren't Alrightbenjaminfspector.com
- How to Get Rich in Americakyla.substack.com
- Why You Should Accumulate Capital | Christopher Kalitin Blogckalitin.github.io
- Chapter 2: An Equilibrium of No Free Energy | Inadequate Equilibriaequilibriabook.com
- The Tiny Flicker of Altruismfrommatter.substack.com
- Excited altruism - The GiveWell Blogblog.givewell.org
- So You Want to Learn About Economicsnicholasdecker.substack.com
- interfluidity >> Hard money is not a mistakeinterfluidity.com
- The Economy Is Stupid - by J. Daniel Sawyerjdanielsawyer.substack.com
- The Meridian of Her Greatnesssamzdat.com
- LTV for Statusersatz-0001.bearblog.dev