Quote of the day: All Economists must die

A quote from Satoshi Kanazawa on how Economics ignore the evolved psychology of humans.

Quoth Satoshi Kanazawa

Microeconomic theory, or any other theory of human behavior which assumes that human behavior is rational and based on carefully calculated cost-benefit analysis, cannot explain van Beest and Williamsโ€™ remarkable findings that humans are happy to lose money and sad to make money.

And if you’re wondering about the title of this QotD, read the full article ๐Ÿ˜‰

This goes very nicely with my recent post on human nature and how, not only is it not suitable for Capitalism, but on the contrary, the truest expression of it can only be found in Communism.

Reblog this post [with Zemanta]

Quotes of the Day: Epicurus

I just found a small cache of Epicurus quotes which you should take the time to look. Very worth it.

Some samples:

  • Death is nothing to us; for that which has been dissolved into its elements experiences no sensations, and that which has no sensation is nothing to us.
  • The wealth required by nature is limited and is easy to procure; but the wealth required by vain ideals extends to infinity.
  • Of all the means which wisdom acquires to ensure happiness throughout the whole of life, by far the most important is friendship.

Gogogogo!

Reblog this post [with Zemanta]