Exploring the enduring relevance of studying historical economic patterns through insights from past figures like Roth, emphasizing the value of historical wisdom in predicting economic trends and developing foresight for the future.
This episode discusses my take on what you should pay attention to when reading history.
There’s a quote I love from writer Kelly Hayes who says, “Everything feels unprecedented when you haven’t engaged with history.”
It’s so true. History’s cast of characters changes but it’s the same movie over and over again.
To me, the point of paying attention to history is not the specific details of certain events, which are always random and never repeat; it’s the big-picture behaviors that reoccur in different eras, generations, and societies.