The Broken Ladder: How Inequality Changes the Way We Think, Live and Die
You can scoff at linking the rise of Trump to income inequality alone. And you should. These things are always layers of complexity deep. But it’s a key part of what drives people to think, “I don’t live in the world I expected. That pisses me off. So screw this. And screw you! I’m going to fight for something totally different, because this—whatev... See more
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Everyone cares about fairness, but there are two major kinds. On the left, fairness often implies equality, but on the right it means proportionality—people should be rewarded in proportion to what they contribute, even if that guarantees unequal outcomes.
Jonathan Haidt • The Righteous Mind: Why Good People Are Divided by Politics and Religion
Social capital refers to a kind of capital that economists had largely overlooked: the social ties among individuals and the norms of reciprocity and trustworthiness that arise from those ties.38 When everything else is equal, a firm with more social capital will outcompete its less cohesive and less internally trusting competitors (which makes sen
... See moreJonathan Haidt • The Righteous Mind: Why Good People Are Divided by Politics and Religion
that fairness through blindness doesn’t work. That’s the most established and most robust fact in the entire research area.”39