This episode is a short audio essay on one of the most life-changing mindsets I’ve found.
Economics is the most powerful social discipline. It also has tremendous potential to improve our lives on the individual level. Not by understanding the stock market and making money, but by seeing the world through the lens of rational choice theory. The minute you do, problems and challenges become opportunities and possibilities. The world becomes a series of games. All actions become a source of information and enlightenment.
Economics helps you navigate relationships with others, and your own process of self-knowledge and self-improvement.
When you assume rationality, you can begin to peel back and understand the preferences, information, and incentives that cause people to do what they do.