Poverty is clearly one source of emotional suffering, but there are others, like loneliness.

But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

We favor the visible, the embedded, the personal, the narrated, and the tangible; we scorn the abstract.

Scepticism is effortful and costly. It is better to be sceptical about matters of large consequences, and be imperfect, foolish and human in the small and the aesthetic.

Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.

Only the autodidacts are free.