The Benefits of Extravagance

Today on the show, I talk to Emrys Westacott, philosophy professor and author of "The Wisdom of Frugality," about the philosophical history of penny pinching. We begin our conversation discussing what philosophers mean by frugality and the various philosophical schools that gave frugality primacy. We then go on to summarize the arguments as to why frugality makes people wiser and happier, the counter-arguments to frugality as a virtue, why the ideal of frugality changes based on circumstances, and why living frugally is harder to do today than in times past.
This show provides a nuanced look at a much-praised virtue and will leave you mulling over how, why, and to what extent to strive for it in your own life.