The Rational Optimist: How Prosperity Evolves, Matt Ridley
Matt Ridley

The Rational Optimist: How Prosperity Evolves

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b6144988462
b6144988462has quoted8 days ago
Speculation, herd exuberance, irrational optimism,
littlegirl0
littlegirl0has quoted3 months ago
I find that my disagreement is mostly with reactionaries of all political colours: blue ones who dislike cultural change, red ones who dislike economic change and green ones who dislike technological change.
Andrey Shapovalov
Andrey Shapovalovhas quotedlast year
All is tranquil; a bird sings outside the window.
Oh please!
Andrey Shapovalov
Andrey Shapovalovhas quotedlast year
some ape-men had begun exchanging food or tools with others in such a way that both partners to the exchange were better off, and both were becoming more specialised.
Specialisation encouraged innovation, because it encouraged the investment of time in a tool-making tool. That saved time, and prosperity is simply time saved
Hajiahmad Madatov
Hajiahmad Madatovhas quoted2 years ago
As the economist Herb Gintis puts it, ‘societies that use markets extensively develop a culture of co-operation, fairness and respect for the individual’
Hajiahmad Madatov
Hajiahmad Madatovhas quoted2 years ago
Earlier I wrote that division of labour was made possible by technology. But it is more interesting than that. Technology was made possible by division of labour: market exchange calls forth innovation
Hajiahmad Madatov
Hajiahmad Madatovhas quoted3 years ago
Getting richer is not the only or even the best way of getting happier. Social and political liberation is far more effective, says the political scientist Ronald Ingleheart: the big gains in happiness come from living in a society that frees you to make choices about your lifestyle – about where to live, who to marry, how to express your sexuality and so on.
Hajiahmad Madatov
Hajiahmad Madatovhas quoted3 years ago
Exchange is to cultural evolution as sex is to biological evolution.
Hajiahmad Madatov
Hajiahmad Madatovhas quoted3 years ago
I shall argue that there was a point in human pre-history when big-brained, cultural, learning people for the first time began to exchange things with each other, and that once they started doing so, culture suddenly became cumulative, and the great headlong experiment of human economic ‘progress’ began.
Hajiahmad Madatov
Hajiahmad Madatovhas quoted3 years ago
The psychologist Daniel Gilbert likes to joke that every member of his profession lives under the obligation at some time in his career to complete a sentence which begins: ‘The human being is the only animal that ...’
Alexey Solodovnikov
Alexey Solodovnikovhas quoted3 years ago
Rational optimism holds that the world will pull out of the current crisis because of the way that markets in goods, services and ideas allow human beings to exchange and specialise honestly for the betterment of all
Юлия Марголина
Юлия Марголинаhas quoted3 years ago
The answer, I believe, is that at some point in human history, ideas began to meet and mate, to have sex with each other.
Юлия Марголина
Юлия Марголинаhas quoted3 years ago
Humanity is experiencing an extraordinary burst of evolutionary change, driven by good old-fashioned Darwinian natural selection.
b6434675151
b6434675151has quoted4 years ago
Speculation, herd exuberance, irrational optimism, rent-seeking and the temptation of fraud drive asset markets to overshoot and plunge – which is why they need careful regulation, something I always supported. (Markets in goods and services need less regulation.) But what made the bubble of the 2000s so much worse than most was government housing and monetary policy, especially in the United States, which sluiced artificially cheap money towards bad risks as a matter of policy and thus also towards the middlemen of the capital markets. The crisis has at least as much political as economic causation, which is why I also mistrust too much government.
b6434675151
b6434675151has quoted4 years ago
markets in goods and services for immediate consumption – haircuts and hamburgers – work so well that it is hard to design them so they fail to deliver efficiency and innovation; while markets in assets are so automatically prone to bubbles and crashes that it is hard to design them so they work at all.
b6434675151
b6434675151has quoted4 years ago
shall argue that there was a point in human pre-history when big-brained, cultural, learning people for the first time began to exchange things with each other, and that once they started doing so, culture suddenly became cumulative, and the great headlong experiment of human economic ‘progress’ began. Exchange is to cultural evolution as sex is to biological evolution.
b6434675151
b6434675151has quoted4 years ago
For culture to turn cumulative, ideas needed to meet and mate.
b6434675151
b6434675151has quoted4 years ago
It was a collective phenomenon.
b6434675151
b6434675151has quoted4 years ago
But big brains and imitation and language are not themselves the explanation of prosperity and progress and poverty
Jayant Harilela
Jayant Harilelahas quoted4 years ago
reach: but, in the human kind, the species has a progress as well
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