Book contents
- Seven Deadly Economic Sins
- Seven Deadly Economic Sins
- Copyright page
- Dedication
- Contents
- Preface
- Introduction
- 1 Wealth Is Positive-Sum
- 2 Good Is Not Good Enough
- 3 There Is No Great Mind
- 4 Progress Is Not Inevitable
- 5 Economics and/or Morality
- 6 Equality of What?
- 7 Markets Are Not Perfect
- Conclusion
- Postscript
- References and Further Reading
- Acknowledgments
- Index
Conclusion
The World and I
Published online by Cambridge University Press: 09 April 2021
- Seven Deadly Economic Sins
- Seven Deadly Economic Sins
- Copyright page
- Dedication
- Contents
- Preface
- Introduction
- 1 Wealth Is Positive-Sum
- 2 Good Is Not Good Enough
- 3 There Is No Great Mind
- 4 Progress Is Not Inevitable
- 5 Economics and/or Morality
- 6 Equality of What?
- 7 Markets Are Not Perfect
- Conclusion
- Postscript
- References and Further Reading
- Acknowledgments
- Index
Summary
One thing that the relatively new and illuminating field of behavioral economics seems to have discovered is that we take a high view of ourselves. We tend to think we have good judgment, that we make wise choices, that our preferences are good, and that our intentions are honorable. When we face disagreement or conflict with others, we tend to interpret our own words, actions, and intentions far more favorably than we do our adversary’s. When something goes wrong in our lives, we tend to place the blame on others, on the world, on systems or laws or processes or institutions, on the gods or on destiny or on karma – seemingly anywhere but on ourselves.
- Type
- Chapter
- Information
- Seven Deadly Economic SinsObstacles to Prosperity and Happiness Every Citizen Should Know, pp. 242 - 269Publisher: Cambridge University PressPrint publication year: 2021