David Rosenthal: evaluation

Transcript context

…Maybe. I think then you start diving into what are human motives besides economic one like if you look at the reason – Daniel Pink has done a bunch of research on this, like what makes people happy in their jobs. It’s not really money. It’s autonomy, mastery, and purpose above once you hit a certain dollar amount of sustaining yourself. If you think about that on one hand and you look at sort of like the things that motivate people in general – money, power, love – there’s a lot of like very core human things that we often wrap up with how much money someone makes and people often define themselves by their job, and their value in the world is so tied to that. I think we might start seeing – and maybe not in 2017, maybe not for a while – once we get to a kind of a post scarcity society is a place where we start defining ourselves and doing things by difference measurements. Actually, I’m glad that you brought that up is because I’m catching myself sort of falling into a trap that I think a lot of people and a lot of economists have for a long time, I’ve been reading a bunch of economists lately and realizing that classical and traditional macroeconomics is kind of like voodoo and not effective voodoo. It’s really deeply flawed and one of the assumptions that is really flawed is that every individual is (A) a rational actor, (B) has perfect information, and (C) is motivated by money and wealth. All three of those things have been proven to be just not true. Are you reading Kahneman right now?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.