AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Importance of Time Preference in Modernity
I think that we want to be cautious about So if we're thinking about modernity and economics. I think what the strategy is from modernity Relative to investment is to try to get people to invest in the future As opposed to the now. And this goes to time preference, right? Because I'm exchanging Immediate pleasure or leisure or whatever that is Immediately for a future reward in a logical sense This should this should benefit society as a whole because people are foregoing their immediate Their libinol investments are not so structured on the now.