Building Discipline in Economics

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A lot of pop culture advice about personal finance airs on the side of savings but maybe a defensible way because of building discipline. What would the sort of economists what would professors say in about giving and patterns and habits of giving is that something that would evolve over time as well, or is thatsomething that has a kind of a different calculus? I think for most of economics. There's a huge amount of respect for the preferences of the individual as revealed by whatever they're choosing.

Are Christians called to navigate their finances differently from everyone else? Are the oft-repeated directives to save aggressively and avoid all debt either scriptural or wise? Is it possible that spiritual wisdom and practical wisdom are sometimes one and the same? Join David and Curtis in this excellent discussion with James Choi, Professor of Finance at Yale. As a Christian and a behavioral economist, James brings both spiritual and practical wisdom to the area of personal finance and exposes where some of our most popular financial gurus might be giving us poor advice.

Show Notes:

-Derek Thompson (The Atlantic) - All the Personal-Finance Books Are Wrong

-Greg Rosalsky (Planet Money) - An economist studied popular finance tips. Some might be leading you astray

-Why I am a Christian (James Choi)

Follow Curtis’ work at RedeemingBabel.org

Produced by Kris Carter