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The Price of Inequality: How Today's Divided Society Endangers Our Future
amazon.com
Clay Shirky • Cognitive Surplus: How Technology Makes Consumers into Collaborators
Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
amazon.com
There frankly is a hell of a lot of value in the game theory and economics literature.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Recent statistics show that, Warren Buffett and Bill Gates notwithstanding, Americans making $50,000 to $100,000 give away two to six times as much of their money (in percentage terms) as people who make more than $10 million.59
Bill McKibben • Deep Economy: The Wealth of Communities and the Durable Future
future. One of the main lessons of behavioral economics is that small changes to the environment we live in matter.
Dan Ariely • Dollars and Sense
He broke with neoclassical thinking by observing that what might be rational for an individual acting in isolation might be bad for everyone as a whole. An example of this is “the paradox of thrift”: In a recession, a reasonable thing for me to do is to start saving more than I did before, but if everyone does it, the aggregate level of demand in t
... See moreRaj Patel • The Value of Nothing: How to Reshape Market Society and Redefine Democracy
But it can also go the other way. What economics has missed is that adding an incentive—a fine or a bonus—may be subtracting something else, the individual’s sense of responsibility, or obligation, or intrinsic pleasure.