Economy

How do you measure happiness?

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Why Finland And Denmark Are Happier Than The U.S.
January 9, 2020
CNBC Make It

How Much Money Do You Need To Earn To Be Happy?
May 26, 2020
CNBC Make It

https://www.usnews.com/news/best-countries

Economics, But Not as You Know It

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Economics, But Not as You Know It
Dr Ha-Joon Chang
1 May 2014
London School of Economics and Political Science (LSE)
https://www.youtube.com/channel/UCK08_B5SZwoEUk2hDPMOijQ

Thomas Piketty
http://www.economist.com/blogs/economist-explains/2014/05/economist-explains

Elysium
https://franzcalvo.wordpress.com/2013/08/10/elysium

1:02:45 Economy predictions exist to make astrology respectable.
Yes, you can predict certain things, but that requires quite restrictive assumptions in very fixed situations.

Economy can never be a science, because:
a. All of its categories are political, and
b. Unlike objects studied by natural science, human have free-will.

Entrepreneurs–by definition–behave in an irrational way.

Education as a force of convergence

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Education as a force of convergence
https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/piketty-capital/v/education-equality

1:19 if you have dissemination of knowledge, and if knowledge work becomes more and more and more valuable … then maybe labor has more leverage here.

4:58 it seems that we are in an age where labor is going to become more and more valuable. But not just commodity labor but hightly, highly, highly skilled labor.

10:10 Most people, if we can get education to be good enough, can now participate in these really high value jobs, where labor has a lot more leverage, where the returns to labor are larger than the returns to capital.

11:06 Star Trek reality