“And when rational individuals face a miserable set of choices…they cannot do better than pick the best of a bad lot. We will not solve social problems if we pretend that they are caused only–or mostly–by the mad, the stupid, and the morally degenerate. But nor should we shrug our shoulders and declare that all is for the best in the best of all possible worlds. I hope that this book will show that although people tend to make smart choices, it is possible to offer them better ones.”
Tim Hartford, from his insightful and engaging new book The Logic of Life: The Rational Economics of an Irrational World. Hartford, a Financial Times columnist and editor and formerly an economist for the World Bank and Royal Dutch/Shell, draws on recent and important research from economics, psychology, sociology, and history to explain the social-scientific logic behind problems ranging from gambling and annoying coworkers to racism and political instability. As they say, read the whole thing.
Note: posting will continue to be light due to a combination of a heavy workload and some ill health the past two weeks that put me behind on said work (don’t worry, it’s not anywhere near as bad as the bizarre and debilitating intestinal infection I had a year ago). There may be a few more short or pre-written pieces like this, but mostly I’ll be busy. Have a nice week everyone!