The Gray Area with Sean Illing cover image

Tyler Cowen on the painful end of American complacency

The Gray Area with Sean Illing

00:00

What Is My Welfare Gain There Really?

Ezra Pound: People buy more stuff impulsively thinking that because it has five stars, it's going to make my life better. Pound: A radical critique of this would be that the kind of materialistic structure where people don't make mistakes on what they're buying is just us buying a lot more crap which doesn't make us any happier. Pound: How much of a welfare gain that really is, I think is an open question.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app