Posts in Economics
Words Worth Noting - May 6, 2021

“For it is the nature of the many to be ruled by fear rather than by shame, and to refrain from evil not because of the disgrace but because of the punishments. Living under the sway of their feelings, they pursue their own pleasures and the means of obtaining them, and shun the pains that are their opposites; but of that which is fine and truly pleasurable they have not even a conception, because they have never had a taste of it.”

Aristotle Ethics

Words Worth Noting - April 21, 2021

“In general, the thing that is most, sort of, rational and best for your own self-interest is to be nice.”

David Rand, “a Harvard biology graduate student researcher”, about a study he and professor Martin Nowak did involving repeated iterations of a version of prisoner’s dilemma, quoted on www.ctv.ca March 19, 2008