Chapter 2 SYSTEMATICALLY BIASED BELIEFS ABOUT ECONOMICS
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Yellow highlight | Location: 573
economists look almost uniformly hostile to the view that people suffer from systematic bias.
Note:HOMO ECONOM
Note:HOMO ECONOM
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on average they get things right.
Note:L ASSUNTO
Note:L ASSUNTO
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Gary Becker championed
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Note:IL CAMPIONE
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systematically fooled about the effects of policies like quotas and tariffs that have persisted for a long time.
Note:IMPOSSIBILE DA CREDERE X BECKER
Note:IMPOSSIBILE DA CREDERE X BECKER
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They may overestimate the dead weight loss from some policies, and underestimate it from others,
Note:SIMMETRIA
Note:SIMMETRIA
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Papers that covertly introduce systematic bias risk being “outed.”
Note:ACCADEMIA
Note:ACCADEMIA
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Stephen Coate and Stephen Morris
Note:ATTACCHI ALL ASSUNTO COMPORTAMENTALE
Note:ATTACCHI ALL ASSUNTO COMPORTAMENTALE
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“unreasonable assumptions” that voters “have biased
Note:I TERMINI USATI
Note:I TERMINI USATI
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Dani Rodrik similarly laments,
Note:ALTRA LAMWNTELA
Note:ALTRA LAMWNTELA
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habit of attributing myopia
Note:IL LAMENTO DI RODRIK
Note:IL LAMENTO DI RODRIK
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demanding that their colleagues honor the ban
Note:FORTE PRESSIONE
Note:FORTE PRESSIONE
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Evidence of Bias from Psychology and Public Opinion Research
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fortunately not prevented empirical work
Note:INSUCCESSO DELL OSTILITÀ
Note:INSUCCESSO DELL OSTILITÀ
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Psychologists like Daniel Kahneman and Amos Tversky
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Note:EVERSORI
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overestimate the probability of vivid, memorable events
Note:ESEMPIO DELL AEROPLANO CHE CADE
Note:ESEMPIO DELL AEROPLANO CHE CADE
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more than 50% of people put themselves in the upper half of the distribution
Note:SOPRA LA MEDIA...OVERCONFIDENCE
Note:SOPRA LA MEDIA...OVERCONFIDENCE
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systematic mistakes exist.
Note:OGGI LO SAPPIAMO
Note:OGGI LO SAPPIAMO
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Psychologists call this “ecological rationality”—the ability to choose sensibly in your natural habitat.
Note:ULTIMA SPIAGGIA....IL MECCANICO FALLISCE IN LABORATORIO MA NN IN OFFICINA
Note:ULTIMA SPIAGGIA....IL MECCANICO FALLISCE IN LABORATORIO MA NN IN OFFICINA
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voters think that the biggest item in the federal budget is foreign aid.
Note:ERRORI MALDESTRI DELL ELETTORE
Note:ERRORI MALDESTRI DELL ELETTORE
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they are likely to spurn responsible politicians with realistic proposals in favor of demagogues
Note:CON SIMILI BASI
Note:CON SIMILI BASI
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public opinion researchers
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Note:I PIÙ UTILI X SCOPRIRE LE FALSE CREDENZE
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voter bias to be common and quantitatively significant.
Note:CONCLUSIONE
Note:CONCLUSIONE
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“grading” the quality of public opinion—
Note:METODO
Note:METODO
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ask questions with objective quantitative answers,
Note:PUNTARE ALLA CHIAREZZA
Note:PUNTARE ALLA CHIAREZZA
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the share of the federal budget dedicated to national defense or Social Security.
Note:ESEMPI
Note:ESEMPI
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the National Survey of Public Knowledge of Welfare Reform and the Federal Budget.
Note:UN ESEMPIO DI FONTE
Note:UN ESEMPIO DI FONTE
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overestimates the share of government spending on welfare
Note:UN CLASSICONE
Note:UN CLASSICONE
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underestimates the share devoted to national defense
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Note:ALTRO CLASSICONE
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many interesting questions are only answerable with a degree of ambiguity.
Note:PURTROPPO
Note:PURTROPPO
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the benefits of free trade.
Note:UNA QUESTIONE AMBIGUA...COME PROCEDERE?
Note:UNA QUESTIONE AMBIGUA...COME PROCEDERE?
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They estimate voters’ “enlightened preferences
Note:ELETTORE NFORMATO
Note:ELETTORE NFORMATO
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Administer a survey of policy preferences combined with a test of objective political knowledge.
Note:TRUCCO
Note:TRUCCO
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Simulate what policy preferences would look like if all members of all demographic groups had the maximum level of objective political knowledge.
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Note:Ccccccccccc
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how many senators each state has, who the chief justice of the Supreme Court is, whether Russia is a member of NATO,
Note:POLITICAL IQ...ESEMPIO
Note:POLITICAL IQ...ESEMPIO
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If a poor man with a low Political I.Q. learned a lot more about politics but stayed poor, would he change his mind about welfare policy?
Note:LA DOMANDA A CUI POSSIAMO ORA RISPONDERE
Note:LA DOMANDA A CUI POSSIAMO ORA RISPONDERE
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Systematic effects of knowledge on policy preferences are large and ubiquitous.
Note:LA CONSCENZA CI CAMBIA
Note:LA CONSCENZA CI CAMBIA
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ill-informed respondents are usually more one-sided
Note:ALTHAUS...ORIGINI DEL SETTARISMO
Note:ALTHAUS...ORIGINI DEL SETTARISMO
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informed opinion on foreign policy issues is relatively more interventionist
Note:POLITICA ESTERA
Note:POLITICA ESTERA
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slightly more dovish
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Note:E ANCHE
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favor an active international role
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less hawkish:
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informed opinion to hold more progressive attitudes on a wide variety of social policy topics,
Note:SOCIETÀ
Note:SOCIETÀ
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pro-choice,
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supportive of gay rights,
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opposed to prayer in school.
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more ideologically conservative on the scope and applications of government power.
Note:I PIÙ INFORMATI IN ECONOMIA
Note:I PIÙ INFORMATI IN ECONOMIA
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expanding domestic programs,
Note:CONTRO
Note:CONTRO
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prefer free market solutions over government intervention
Note:PRO
Note:PRO
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less supportive of additional government intervention to protect the environment,
Note:CONTRO
Note:CONTRO
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smaller and less powerful federal government.”
Note:PRO
Note:PRO
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support for equal opportunity, it decreases support for equal results.
Note:IN GENERALE
Note:IN GENERALE
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It is hard to swallow the idea that if people knew more, they would agree with you less.
Note:IDEA DIFFICILE DA DIGERIRE...SEMBRA OFFENSIVO
Note:IDEA DIFFICILE DA DIGERIRE...SEMBRA OFFENSIVO
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After all, riches and knowledge go together. Why not conclude that more informed people favor free-market policies because the rich correctly identify their own interests?
Note:OBIEZIONE...DI CHI NN HA CAPITO COME FUNZIONA
Note:OBIEZIONE...DI CHI NN HA CAPITO COME FUNZIONA
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The distribution of enlightened preferences is more promarket than the actual distribution of preferences primarily because people of all income levels become more promarket as their political knowledge increases.
Note:RISPOSTA
Note:RISPOSTA
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as knowledge rises, promarket views increase disproportionately in the bottom half
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Note:ANZI...
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the split went from 62/38 to 47/53.
Note:SPLIT PROMARKET INFO NNINFO
Note:SPLIT PROMARKET INFO NNINFO
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Getting Economics Back on Track
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Political scientists’ findings are frankly embarrassing for economists
Note:L IMBARAZZO X L HOMO ECONOMICUS
Note:L IMBARAZZO X L HOMO ECONOMICUS
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Many of the most famous economists of the past, like Adam Smith and Frédéric Bastiat, obsessed over the public’s wrongheaded beliefs
Note:LA TRADIZIONE BIAS È LUNGA
Note:LA TRADIZIONE BIAS È LUNGA
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stubborn resistance to basic principles like opportunity cost and comparative advantage.
Note:CONCETTI NATI SU QUESTO IMPULSO
Note:CONCETTI NATI SU QUESTO IMPULSO
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Psychologists and public opinion researchers have made an impressive effort to educate economists about the realities of systematic bias.
Note:LA RIEDUCAZIONE
Note:LA RIEDUCAZIONE
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Few modern economists care about the history of thought, so many of the most penetrating discussions have been ignored or forgotten.
Note:LO SCARSO SENSO DELLA STORIA TRA LE TRAPPOLE
Note:LO SCARSO SENSO DELLA STORIA TRA LE TRAPPOLE
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It is professionally risky to emphasize systematically biased beliefs in the journals,
Note:RISCHI XSONALI
Note:RISCHI XSONALI
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antimarket bias, antiforeign bias, make-work bias, and pessimistic bias.
Note:I QUATTRO BIAS PIÙ IMPORTANTI PER LA POLICY
Note:I QUATTRO BIAS PIÙ IMPORTANTI PER LA POLICY
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Antimarket Bias
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Note:Ttttttttttttttttt
Yellow highlight | Location: 705
Commerce is, by its very essence, satanic. —Charles Baudelaire
Note:EPIGRAFE
Note:EPIGRAFE
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antimarket bias, a tendency to underestimate the economic benefits of the market mechanism.
Note:COMPETIZIONE SOTTOVALUTATA
Note:COMPETIZIONE SOTTOVALUTATA
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focus on the motives of business, and neglect the discipline imposed by competition.
Note:EGOISMO MALE =>MERCATO MALE
Note:EGOISMO MALE =>MERCATO MALE
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Capitalism stands its trial before judges who have the sentence of death in their pockets.
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IL PESSIMISMO DI JOSEPH SHUMPETER
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“the ineradicable prejudice
Note:SECONDO JS
Note:SECONDO JS
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Antimarket bias is not a temporary, culturally specific aberration.
Note:SISTEMATICO
Note:SISTEMATICO
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“Harnessing the ‘base’ motive of material self-interest to promote the common good is perhaps the most important social invention mankind has yet achieved.”
Note:PER CHARLES SCHULTZE E TUTTI GLI ECONOMISTI...L INVENZIONE NN APPREZZATA
Note:PER CHARLES SCHULTZE E TUTTI GLI ECONOMISTI...L INVENZIONE NN APPREZZATA
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regulation is the obvious answer;
Note:LA VIA ALTERNATIVA
Note:LA VIA ALTERNATIVA
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Pundits rarely proclaim, “The American people want X, but they’re wrong.”
Note:TRANNE CHE IN AMBITO ECONOMICO
Note:TRANNE CHE IN AMBITO ECONOMICO
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The problem with democracy is not politicians’ shirking, but the public’s antimarket bias:
Note:LA POLITICA NN INGANNA MA È SOLO UNA FEDELE ESCUTRICE
Note:LA POLITICA NN INGANNA MA È SOLO UNA FEDELE ESCUTRICE
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equate market payments with transfers, ignoring their incentive properties.
Note:UNA VARIANTE DELL ANTI MARKET BIAS
Note:UNA VARIANTE DELL ANTI MARKET BIAS
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People tend to see profits as a gift to the rich.
Note:…IL CASO CLASSICO
Note:…IL CASO CLASSICO
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limiting profits seems like common sense.
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Note:Ccccccccccc
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“If you want to get rich, then you have to do something people will pay for.”
Note:TESI DI SMITH
Note:TESI DI SMITH
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Smith’s thesis was counterintuitive to his contemporaries, and remains counterintuitive today.
Note:LA TRISTE REALTÀ
Note:LA TRISTE REALTÀ
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in earlier times the leading culprit was interest or “usury.”
Note:UN CASO PRECEDENZE
Note:UN CASO PRECEDENZE
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prejudice against debt markets goes back millennia:
Note:HARDWIRED?...BHOM BAWEREK
Note:HARDWIRED?...BHOM BAWEREK
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opposition to interest has recently enjoyed a powerful revival:
Note:NELL ISLAM...TIMUR KURAN
Note:NELL ISLAM...TIMUR KURAN
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In Pakistan all banks were ordered in 1979 to purge interest
Note:ESEMPIO
Note:ESEMPIO
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in 1992 the Sharia court removed various critical exemptions.
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Note:Cccccccc
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The lender earns interest in exchange for delaying his consumption.
Note:COSA CI DICE L ECONOMIA
Note:COSA CI DICE L ECONOMIA
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for the same stamp would crush lending as well.
Note:SE UNO NN VUOLE ESSERE COERENTE
Note:SE UNO NN VUOLE ESSERE COERENTE
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Alan Blinder blames opposition to tradable pollution permits on antimarket bias.
Note:ALTRO CASO DI ANTI MARKET BIAS
Note:ALTRO CASO DI ANTI MARKET BIAS
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Why let people “pay to pollute,” when we can force them to cease and desist?
Note:LA LOGICA DEL PROFANO
Note:LA LOGICA DEL PROFANO
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Blinder discusses a fascinating survey of 63 environmentalists, congressional staffers, and industry lobbyists. Not one could explain economists’ standard rationale for tradable permits.
Note:ANALFABETISMO AMBIENTALISTA
Note:ANALFABETISMO AMBIENTALISTA
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The second most prominent avatar of antimarket bias is monopoly theories of price.
Note:ALTRO CASO
Note:ALTRO CASO
Yellow highlight | Location: 785
Economists understand, however, that collusion is a Prisoners’ Dilemma.
Note:SAGGEZZA ECONOMICA
Note:SAGGEZZA ECONOMICA
Yellow highlight | Location: 788
Look at these parasites: They buy products, “mark them up,” and then resell us the “exact same thing.”
Note | Location: 788
ALTRO CASO...L ODIO SOCIALE X L INTERMEDIARIO
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Transportation, storage, and distribution are valuable services
Note:SAGGEZZA ECONOMICA
Note:SAGGEZZA ECONOMICA
Yellow highlight | Location: 795
obvious whenever you need a cold drink in the middle of nowhere.
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Note:Ccccccccc
Yellow highlight | Location: 799
Capitalists join forces to keep wages at the subsistence level.
Note:ALTRA ACCUSA RICORRENTE
Note:ALTRA ACCUSA RICORRENTE
Yellow highlight | Location: 804
if there really were a vast employer conspiracy to hold down wages, the Third World would be an especially profitable place to invest.
Note:SAGGEZZA ECONOMICA
Note:SAGGEZZA ECONOMICA
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Its workers earn low wages because their productivity is low.
Note:LA TRISTE VERITÀ SUL TERZO MONDO
Note:LA TRISTE VERITÀ SUL TERZO MONDO
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businesses are monopolists of variable altruism.
Note:LA TEORIA DEI PREZZI DEL PROFANO
Note:LA TEORIA DEI PREZZI DEL PROFANO
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the public links greed with almost everything bad: Capitalism is “commonly maligned for the deceit, unfairness, dishonesty, and discourtesy
Note:I PRODOTTI DEL EGOISMO
Note:I PRODOTTI DEL EGOISMO
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Les Misérables:
Note:UN CANTO ESEMPLARO
Note:UN CANTO ESEMPLARO
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raising price and cutting quality often leads to lower profits, not higher.
Note:LE ACCUSE SONO INCOERENTI
Note:LE ACCUSE SONO INCOERENTI
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An outsider who eavesdrops on Krugman’s or Stiglitz’s debates with other economists might get the impression that the benefits of markets remain controversial.
Note:L ORIGLIATORE
Note:L ORIGLIATORE
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economists are not debating.
Note:PACIFICO SU INCENTIVI O COSPIRAZIONI
Note:PACIFICO SU INCENTIVI O COSPIRAZIONI
Yellow highlight | Location: 827
Almost all economists recognize the core benefits of the market mechanism;
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Note:Cccccccccc
Yellow highlight | Location: 828
Antiforeign Bias
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Note:Ttttttttttt
Yellow highlight | Location: 829
skepticism about the global economy.
Note:TIPICO
Note:TIPICO
Yellow highlight | Location: 833
A naval blockade of Japan.
Note:LA SOLUZIONE DEL PROFANO
Note:LA SOLUZIONE DEL PROFANO
Yellow highlight | Location: 834
A Berlin Wall at the Mexican border.
Note:ALTRA SOSTITUZIONE
Note:ALTRA SOSTITUZIONE
Yellow highlight | Location: 836
antiforeign bias, a tendency to underestimate the economic benefits of interaction with foreigners.
Note:DEF
Note:DEF
Yellow highlight | Location: 838
Popular metaphors equate foreign trade with racing and warfare,
Note:LA GUERRA COMMERCIALE
Note:LA GUERRA COMMERCIALE
Yellow highlight | Location: 844
People around the world scapegoat foreigners:
Note:IL CAPRO
Note:IL CAPRO
Yellow highlight | Location: 856
Even theorists like Paul Krugman who specialize in exceptions to the optimality of free trade frequently downplay their findings as curiosities:
Note:SIAMO AL LIMITE
Note:SIAMO AL LIMITE
Yellow highlight | Location: 862
Textbooks teach that total output increases if producers specialize
Note:SPECIALIZZAZIONE
Note:SPECIALIZZAZIONE
Yellow highlight | Location: 865
as Steven Landsburg explains,
Note:ALDO SAVOLDELLI
Note:ALDO SAVOLDELLI
Yellow highlight | Location: 870
The Law of Comparative Advantage, one of most fascinating theorems in economics, shows that mutually beneficial international trade is possible even if one nation is less productive in every way.
Note:VANTAGGI RECIPROCI
Note:VANTAGGI RECIPROCI
Yellow highlight | Location: 875
the root error as misidentification of money and wealth: “A rich country, in the same manner as a rich man, is supposed to be a country abounding in money;
Note:L'ERRORE FATALE
Note:L'ERRORE FATALE
Yellow highlight | Location: 877
It follows that trade is zero-sum,
Note | Location: 877
ZERO SUM
Yellow highlight | Location: 879
why would people focus on money draining out of “the nation,” but not “the region,” “the city,” “the village,” or “the family”?
Note:IL PROBLEMA E' LO STRANIERO
Note:IL PROBLEMA E' LO STRANIERO
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People feel all the more vulnerable when they reflect that these foreigners are not just selling us their products. They live among us.
Note:CON L'IMMIGRATO E' ANCORA PEGGIO
Note:CON L'IMMIGRATO E' ANCORA PEGGIO
Yellow highlight | Location: 907
Make-Work Bias
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Note:Ttttttttttttt
Yellow highlight | Location: 920
make-work bias, a tendency to underestimate the economic benefits of conserving labor.69 Where noneconomists see the destruction of jobs, economists see the essence of economic growth—the production of more with less.
Note:LE VIRTÙ DEL NN LAVORO
Note:LE VIRTÙ DEL NN LAVORO
Yellow highlight | Location: 925
we can also create jobs by seeing to it that each worker is less productive.
Note:IL VIZIETTO DI CREARE LAVORO
Note:IL VIZIETTO DI CREARE LAVORO
Yellow highlight | Location: 927
For an individual to prosper, he only needs to have a job. But society can only prosper if individuals do a job, if they create goods and services that someone wants.
Note:LA PROSPERITA'
Note:LA PROSPERITA'
Yellow highlight | Location: 929
Bastiat ridicules the equation of prosperity with jobs as “Sisyphism,”
Note:SISIFO E IL MITO DELLA CRESCITA
Note:SISIFO E IL MITO DELLA CRESCITA
Yellow highlight | Location: 933
Wealth . . . increases proportionately to the increase in the ratio of result to effort.
Note:IL BIAS D ORIGINE...ABBINARE SFORZO E MERITO
Note:IL BIAS D ORIGINE...ABBINARE SFORZO E MERITO
Yellow highlight | Location: 945
The crudest form of make-work bias is Luddite fear of the machine.
Note:UN INCARNAZIONE DEL BIAS
Note:UN INCARNAZIONE DEL BIAS
Yellow highlight | Location: 952
Technology often creates new jobs; without the computer, there would be no jobs in computer programming or software development.
Note:PRIMA DIFESA DELLA MACCHINA
Note:PRIMA DIFESA DELLA MACCHINA
Yellow highlight | Location: 953
employing more workers than you need wastes valuable labor.
Note:LA SECONDA E PIÙ FONDAMENTALE DIFESA DELLA MACCHINA...PAGARE CHI GIRA I POLLICI
Note:LA SECONDA E PIÙ FONDAMENTALE DIFESA DELLA MACCHINA...PAGARE CHI GIRA I POLLICI
Yellow highlight | Location: 956
Cox and Alm aptly describe this process as “churn”:
Note:RIALLOCARE DI CONTINUO
Note:RIALLOCARE DI CONTINUO
Yellow highlight | Location: 959
The drastic decline in agricultural employment:
Note:L ESEMPIO PIÙ RADICALE
Note:L ESEMPIO PIÙ RADICALE
Yellow highlight | Location: 959
In 1800, it took nearly 95 of every 100 Americans to feed the country. In 1900, it took 40.
Note:UN DISASTRO? NO. UN ARRICCHIMENTO SPAVENTOSO
Note:UN DISASTRO? NO. UN ARRICCHIMENTO SPAVENTOSO
Yellow highlight | Location: 964
people would rather feel compassionately than think logically.
Note:LE ORIGINI DEL BIAS
Note:LE ORIGINI DEL BIAS
Yellow highlight | Location: 966
Alan Blinder recommends extended unemployment insurance, retraining, and relocation subsidies.
Note:LA BONTÀ NN C ENTRA
Note:LA BONTÀ NN C ENTRA
Yellow highlight | Location: 970
Every time we figure out how to accomplish a goal using fewer workers, it enriches society, because labor is a valuable resource.
Note:DOWNSIZING...ALTRA MATERIA DOMINATA DAL BIAS
Note:DOWNSIZING...ALTRA MATERIA DOMINATA DAL BIAS
Yellow highlight | Location: 977
Bastiat insightfully observes that a loner would never fall prey to make-work bias:
Note:LA COMUNITÀ E L IO
Note:LA COMUNITÀ E L IO
Yellow highlight | Location: 978
No solitary man would ever conclude that, in order to make sure that his own labor had something to occupy it, he should break the tools that save him labor,
Note:L ESEMPIO DEL CALZOLAIO CHE RINUNCIA AI SUOI STRUMENTI
Note:L ESEMPIO DEL CALZOLAIO CHE RINUNCIA AI SUOI STRUMENTI
Yellow highlight | Location: 984
If you receive a washing machine as a gift, the benefit is yours; you have more free time and the same income.
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Note:Cccccccc
Yellow highlight | Location: 987
Pessimistic Bias
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Note:Tttttttttttt
Yellow highlight | Location: 990
I was told that kids around me were using drugs, and that a pusher would soon offer me some, too. Teachers warned that more and more kids would become addicts, and by the time I was in junior high I would be surrounded by them. Authority figures would occasionally speculate about our adulthood, and wonder how a country could function with such a degenerate workforce.
Note:L APOCALISSI DELLA DROGA...UNA DISTOPIA MAI REALIZZATA
Note:L APOCALISSI DELLA DROGA...UNA DISTOPIA MAI REALIZZATA
Yellow highlight | Location: 994
I am still waiting to be offered drugs.
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Note:Ccccccccccc
Yellow highlight | Location: 996
My teachers’ predictions about America’s economic future turned out to be laughable.
Note | Location: 997
PROFEZIE RISIBILI
Yellow highlight | Location: 997
As a general rule, the public believes economic conditions are not as good as they really are.
Note:PESSIMISTIC BIAS
Note:PESSIMISTIC BIAS
Yellow highlight | Location: 999
pessimistic bias, a tendency to overestimate the severity of economic problems and underestimate the (recent) past, present, and future performance of the economy.
Note:Cccccccccc
Note:Cccccccccc
Yellow highlight | Location: 1,002
public lacks perspective.
Note:IL PUNTO...IL SENSO STORI CO E IL SENSO PROSPETTICO
Note:IL PUNTO...IL SENSO STORI CO E IL SENSO PROSPETTICO
Yellow highlight | Location: 1,011
massive gains we take for granted.
Note:ULTIMI 100 ANNI
Note:ULTIMI 100 ANNI
Yellow highlight | Location: 1,012
to idealize conditions in the more distant past
Note:L IDEA DI PARADISO PERDUTO
Note:L IDEA DI PARADISO PERDUTO
Yellow highlight | Location: 1,014
“Virtually every culture past or present has believed that men and women are not up to the standards of their parents and forebears,”
Note:ARTHUR HERMAN
Note:ARTHUR HERMAN
Yellow highlight | Location: 1,016
Arthur Lovejoy and George Boas
Note:L IDEA PESSIMISTICA È UNIVERSALE E PRESCINDE DALLO STADIO DI AVANZAMENTO DI UNA CIVILTA
Note:L IDEA PESSIMISTICA È UNIVERSALE E PRESCINDE DALLO STADIO DI AVANZAMENTO DI UNA CIVILTA
Yellow highlight | Location: 1,028
progress is so gradual that a few pockets of decay hide it from the public view:
Note:GRADUALISMO E SENSO DELLA STORIA
Note:GRADUALISMO E SENSO DELLA STORIA
Yellow highlight | Location: 1,043
Alexis de Tocqueville attacks pessimism as “the great sickness of our age.”
Note:NEMICI DEL PESSIMISMO
Note:NEMICI DEL PESSIMISMO
Yellow highlight | Location: 1,044
Herbert Spencer
Yellow highlight | Location: 1,054
intellectuals have been predicting the imminent collapse of Western civilization for more than one hundred and fifty years,
Note:DI RECENTE LE COSE VANNO SEMPRR PEGGIO
Note:DI RECENTE LE COSE VANNO SEMPRR PEGGIO
Yellow highlight | Location: 1,056
How can high levels of pessimism coexist with constantly rising standards of living?
Note:PUZZLE
Note:PUZZLE
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objective conditions and subjective perceptions
Note:GAP
Note:GAP
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Our forebears, who worked and sacrificed tirelessly in their hopes their descendants would someday be free, comfortable, healthy, and educated, might be dismayed to observe how acidly we deny we now are these things.
Note:UN OFFESA AI PADRI
Note:UN OFFESA AI PADRI
Yellow highlight | Location: 1,065
human nature connects with the apocalyptic.
Note:LA NS PSICOLOGIA
Note:LA NS PSICOLOGIA
Yellow highlight | Location: 1,067
Whether the source is the Bible or Nostradamus, Thomas Malthus, or the Club of Rome,
Note:ESEMPI SPORADICI
Note:ESEMPI SPORADICI
Yellow highlight | Location: 1,069
There is an ongoing debate about growth slowdown.
Note:QUANDO PARLIAMO DI CATASTROFE PARLIAMO DI RALLENTAMENTO COSÌ COME QUANDO PARLIAMO DI AUSTERITY
Note:QUANDO PARLIAMO DI CATASTROFE PARLIAMO DI RALLENTAMENTO COSÌ COME QUANDO PARLIAMO DI AUSTERITY
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standard numbers inadequately adjust for the rising quality and variety of the consumption basket,
Note:PRIMA RISERVA
Note:PRIMA RISERVA
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GDP miss important components of our standard of living.
Note:IL RIFUGIO DEL PESSIMISTA INTELLIGENTE
Note:IL RIFUGIO DEL PESSIMISTA INTELLIGENTE
Yellow highlight | Location: 1,076
environmental quality,
Note:ESEMPIO
Note:ESEMPIO
Yellow highlight | Location: 1,077
In the 1960s, über-pessimist Paul Ehrlich notoriously predicted that environmental neglect would shortly lead to mass starvation.
Note:UN PRECEDENTE ILLUSTRE
Note:UN PRECEDENTE ILLUSTRE
Yellow highlight | Location: 1,083
Throughout the long sweep of history, forecasts of resource scarcity have always been heard, and—just as now—the doomsayers have always claimed that the past was no guide to the future
Note:RISPISTA DI SIMON
Note:RISPISTA DI SIMON
Yellow highlight | Location: 1,087
natural resources are getting cheaper, population density is not bad for growth, and air quality is improving
Note:LA POSIZIONE VINCENTE DI SIMON
Note:LA POSIZIONE VINCENTE DI SIMON
Yellow highlight | Location: 1,089
Michael Kremer’s seminal paper “Population Growth and Technological Change: One Million B.C. to 1990,”
Note:TESI....LA CRESCITA DELLA POPOAZIONE AUMENTA LA RICCHEZZA PRO CAPITE
Note:TESI....LA CRESCITA DELLA POPOAZIONE AUMENTA LA RICCHEZZA PRO CAPITE
Yellow highlight | Location: 1,092
more inclusive measures cement the case for optimism, because life has also been getting better on the neglected dimensions.
Note | Location: 1,092
L ULTIMO RIFUGIO DEI OESSIMISTI SEMBRA VANO...MAGARI CHI È INDIETRO FISSE AL NOSTRO LIVELLO...IL MONDO SAREBBE PIÙ PULITO
Yellow highlight | Location: 1,094
Conclusion
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