"We associate truth with convenience, with what most closely accords with self-interest and personal well-being or promises best to avoid awkward effort or unwelcome dislocation of life. We also find highly acceptable what contributes most to self-esteem….”Economic and social behavior are complex and to comprehend their character is mentally tiring. Therefore we adhere, as though to a raft, to those ideas which represent our understanding.......The conventional view serves to protect us from the painful job of thinking."
Great quote, I think we have all seen how complex economic and social behavior can be, and it is hard to predict or understand.
ReplyDeleteGreat quote. It reminded me of the way in which theoretical economic models are often distorted by human behavior. Especially now as many of of our conventional economic models have proven to be no longer applicable as economies evolve.
ReplyDeletegood feedback. I like the way you interpreted this.
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