Mindful Money

Episode SummaryIn this episode of Mindful Money, I talk with Bart Wilson about the often-overlooked moral dimension of economics. We explore Adam Smith’s forgotten insights on justice and beneficence, how values shape innovation and prosperity, and why genuine wealth is created through collaboration—not extraction. It’s a thoughtful, hopeful conversation about money’s deeper purpose.Show NotesBart J. Wilson is a Professor of Economics and Law and the Donald P. Kennedy Endowed Chair in Economics and Law at Chapman University. He is a member of the Economic Science Institute, with joint tenured appointments in the Argyros College of Business and Economics and the Fowler School of Law. In 2016, he founded the Smith Institute for Political Economy and Philosophy, where he serves as the director. Bart has published papers widely in economics and general science journals, and is the author of Meaningful Economics: Making the Science of Prosperity More Human; The Property Species: Mine, Yours, and the Human Mind; and Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century.I talk with Bart about the moral roots of prosperity. We revisit Adam Smith’s Theory of Moral Sentiments and how justice, beneficence, and collaboration make economic growth possible. Bart shares lessons from his farm upbringing, why commerce is more than self-interest, and how innovation thrives when we respect equality and trust. We also discuss AI, the hidden goodness in markets, and why gifts carry obligations that bind communities together. This conversation reframes economics as a profoundly human endeavor—one that can guide us toward more mindful wealth and purpose.Meaningful Economics: Making the Science of Prosperity More Human: https://www.amazon.com/Meaningful-Economics-Making-Science-Prosperity/dp/0197758150 The Property Species: Mine, Yours, and the Human Mind: https://www.amazon.com/Property-Species-Mine-Yours-Human-ebook/dp/B087JWTSZB Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century: https://www.amazon.com/Humanomics-Sentiments-Twenty-First-Cambridge-Economics-ebook/dp/B07JKFLLHS Chapman University: https://www.chapman.edu Argyros College of Business and Economics: https://www.chapman.edu/business Fowler School of Law — https://www.chapman.edu/law Connect with BartWebsite: https://www.bartjwilson.com/ LinkedIn: https://www.linkedin.com/in/bart-wilson-353bba8/ X / Twitter: https://x.com/bartwilson Connect with JonathanWebsite:  https://mindful.money Jonathan DeYoe on LinkedIn: https://www.linkedin.com/in/jonathandeyoe Mindful Money on X / Twitter: https://x.com/MindfulMoney_Ed Mindful Money on Facebook:  https://www.facebook.com/MindfulMoneyPlan Mindful Money on Instagram: https://www.instagram.com/mindfulmoneyplan Mindful Money on YouTube: https://www.youtube.com/@MindfulMoneyMindful Money ResourcesFor all the free stuff at Mindful Money: https://mindful.money/resources To buy Jonathan’s first book – Mindful Money: https://www.amazon.com/Mindful-Money-Practices-Financial-Increasing/dp/1608684369 To buy Jonathan’s second book – Mindful Investing: https://www.amazon.com/Mindful-Investing-Outcome-Greater-Well-Being/dp/1608688763 Subscribe to Jonathan’s Weekly Newsletter: https://courses.mindful.money/email-opt-in Capture the most important benefit of an advisor – behavioral support – without the 1% fee: https://courses.mindful.money/membership For more complex, one-on-one financial planning and investing support with Jonathan or a member of Jonathan’s team: https://www.epwealth.com/our-team/berkeley/jonathan-deyoe Subscribe and stay in touchWebsite:  https://mindful.money Apple Podcasts: https://podcasts.apple.com/us/podcast/mindful-money/id1606822964 Spotify: https://open.spotify.com/show/27R4mtSA2PjojGtoAsjEvc Amazon: https://music.amazon.com/podcasts/25ed40d3-eb57-4dda-bad4-c15262fa291c/mindful-money YouTube: https://www.youtube.com/@MindfulMoney 

In this episode of Mindful Money, we break down the emotional reactions to elections and why we should separate politics from our portfolios. As election-driven fear and speculation rise, it’s important to understand why making investment decisions based on political headlines is a mistake. Markets react to policies, not personalities, and long-term financial success requires discipline, diversification, and patience. In this episode, we’ll explore both potential risks—like tariffs, inflation, and debt—and possible benefits, such as business growth incentives and deregulation. No single election will make or break your financial future, but your mindset and strategy will.