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108. Ninety-Eight Years of Economic Wisdom
The smartest people grow up to focus their talents on the biggest problem of their generation
AI Key Takeaways
- The generation of economists who grew up during the Depression is considered the greatest generation of economists due to the most talented people choosing to be economists at that time.
- Young people choose their occupations in response to what they see as important problems.
- The generation of economists who grew up in the Depression of the 30s were not necessarily smarter, but their experience had focused them to think about the right things and worry about the right things.
@samarrowsmith
108. Ninety-Eight Years of Economic Wisdom
The Importance of Efficiency in the Economy
AI Key Takeaways
- The two ways for an economy to grow are to use more inputs or to use existing inputs more efficiently.
- Most historical growth comes from using inputs more efficiently.
- Using all natural resources efficiently is important, but there is a limit to their use.
- Efficiency does not necessarily imply growth, but rather a higher level than an inefficient economy.
- Efficient economy should include environmental factors that are not normally priced in the market.
- Empirical evidence suggests that the economy has grown over the last 50 years due to increased efficiency.
@samarrowsmith
108. Ninety-Eight Years of Economic Wisdom
Is Economic Growth the Enemy?
AI Key Takeaways
- Economic growth is a fundamental measure of an economy's health
- There are rising voices claiming economic growth is not an objective and even an enemy
- Economists argue that modern industrial capitalist economies cannot exist without growth
- There is no economic principle that says a stationary economy cannot be healthy
- The glitch in a stationary state would be population wanting to increase wealth by saving which cannot be invested
- The solution to that glitch is to put on displays, concerts and festivals, which can go on forever
@samarrowsmith
147. Is Nudging Enough?
Selected for energy consumption= lazy society?
AI Key Takeaways
- Humans are lazy by nature
- Energy conservation is a trait selected for in humans
- Excuses to be lazy are welcomed by humans
@samarrowsmith
No.1 Habit & Procrastination Expert: We've Got ADHD Wrong! Break Any Habit & Never Be Distracted!
Work hard and go home
AI Key Takeaways
- Psychological safety is crucial in creating a healthy work environment
- Using emojis can be a useful tactic for management to show employees that they are heard
- Management should exemplify what it means to be indestractable in order to promote the importance of focus and work-life balance
@samarrowsmith
No.1 Habit & Procrastination Expert: We've Got ADHD Wrong! Break Any Habit & Never Be Distracted!
The Need for an Undiagnosis Plan for ADHD and the Flaws in the Chemical Imbalance Theory
AI Key Takeaways
- The chemical imbalance theory of ADHD has been discredited with further research
- ADHD cannot be detected through brain scans or blood tests
- Physicians may cater to patient demand for diagnosis and medication
- ADHD is treatable through medication and behavioral practices
- ADHD should be seen as something that is treatable rather than an identity
- There should be an undiagnosis plan for ADHD to help people overcome it without constant medication
- Treatment for ADHD is based on beliefs about its cause
@samarrowsmith
No.1 Habit & Procrastination Expert: We've Got ADHD Wrong! Break Any Habit & Never Be Distracted!
The Myths and Truths About Willpower Depletion
AI Key Takeaways
- Willpower is not a limited resource based on latest research.
- Ego depletion is a concept that was widely circulated in the popular press but may not be true.
- Replication studies showed that the only people who experienced ego depletion were those who believed in it.
- Sugar sweetened lemonade does not boost willpower.
@samarrowsmith
No.1 Habit & Procrastination Expert: We've Got ADHD Wrong! Break Any Habit & Never Be Distracted!
The 10 Minute Rule for Mastering Internal Triggers
AI Key Takeaways
- The "10 minute rule" is a helpful tool for managing internal triggers
- The rule says that you can give into any distraction, but not right now, in 10 minutes
- Allowing yourself to acknowledge that you are in control helps with psychological reactants
- Strict abstinence may not always be the best solution
@samarrowsmith
146. How Do You Avoid Freezing Under Pressure?
Implementing If-Then Plans for Better Decision Making
AI Key Takeaways
- Implementation intentions are pre-made if-then plans for any kind of scenario, not just emergencies.
- Writing out if-then plans is a helpful exercise as it forces the planner to think it through thoroughly.
- Visualization is crucial to making if-then plans effective, and visualizing potential obstacles is more effective than visualizing only positive outcomes.
@samarrowsmith
107. Bringing Data to Life
Give people affirmation who don't expect you to do so
AI Key Takeaways
- The affirmation from an old white male teacher that the speaker should major in math had a powerful impact on her.
- The teacher's affirmation was given to all students, not just the speaker.
- The impact of the affirmation was strengthened by the fact that the teacher was an old white man, which was unexpected for the speaker.
- The speaker believes that affirmation from someone who does not necessarily identify with the person's race and ethnicity can have a greater impact.
@samarrowsmith
144. What Should Be the Eighth Deadly Sin?
The three dimensions of parenting research: Warmth, Appropriate Demands, Respect
AI Key Takeaways
- Respect is one of three important dimensions in parenting research.
- The other two dimensions are being warm and appropriately demanding.
- Respect in this context is not about loving or liking someone, but rather a crucial component of raising children.
- Respect should be for all people, not just your children.
@samarrowsmith
106. Will A.I. Make Us Smarter?
Why Kindness Is Absent in Economic Models
AI Key Takeaways
- Kindness is an important part of society and religious doctrine.
- Economics does not include or value kindness as it is not seen as having significant costs or benefits to be weighed in economic models.
- Acts of kindness, such as a friendly smile or letting someone with one item go ahead of you in line, cost very little but can have big positive impacts.
- For something to be included in an economic model, it must have both costs and benefits that can be optimally balanced.
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highlights
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Save any
moment
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& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
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highlights
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