Sublime

Society = $25,000 Charitable Giving/Wellesley = $10,000 Charitable Giving/Wharton = $10,000 Charitable Giving/Convent of

end. Specifically, the time and resources to focus on relationships without economic stress.

Two great problems in Economics Allocation in the Economy Quantities: General equilibrium, international trade, game-theory outcomes . . . Formation in the Economy Processes: Of econ development, discovering novel technologies, structural change, arrival of new institutions, temporary phenomena like bubbles, crashes . . . The former is mathematizab

The primary job of business is to solve human problems, and the primary job of the state, then, is to create the conditions for large-scale cooperation to allow that process to happen. That involves things like promoting inclusion. You can’t have large-scale cooperation if you’re systematically excluding large groups of people. You have to have fai

Income is becoming more correlated with education (though less with race or ethnicity). Education in turn is becoming more correlated with health and longevity. Among Americans born in 1930, the wealthiest fifth could expect to live five years longer than the poorest fifth. Among those born in 1960, the longevity gap has expanded to thirteen years.

As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.

In Bible times, the greatest material resources were locked up with the kings. But today, the greatest material resources—the money, the talent, the equipment, and the facilities—are locked up in the marketplace. This means that in most local churches, there’s a big gap between the vision for ministry and the financial resources available.

Character and behavior are inextricable.