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Happiness and Money

Much of eco­nom­ics and pub­lic pol­i­cy rests on the assump­tion that increas­ing the wealth of indi­vid­u­als and nations pro­vides a route to increas­ing their well­be­ing. So why does mon­ey fail us?

The Conversation #4 — Colin Camerer

We know very lit­tle about com­plex finan­cial sys­tems and how sys­temic risk, as it’s called, is com­put­ed and how you would man­age poli­cies. And if you look back at the finan­cial cri­sis, you can either say, as many econ­o­mists do, It all had to do with badly-designed rules,” which may be part of the sto­ry; it’s cer­tain­ly part of the sto­ry. Or it may have to do with the inter­ac­tion of those rules and human nature, like mort­gage bro­ker greed, opti­mism… And you see it not just in indi­vid­u­als who now have hous­es and fore­clo­sure, but at the high­est lev­els.

What’s The Most Good You Can Do?

Unfortunately at the moment I think typ­i­cal­ly phil­an­thropy is not being used very effec­tive­ly, and that’s part­ly because of the kind of non-judgmental atti­tude that phil­an­thropy advi­sors and peo­ple gen­er­al­ly have about phil­an­thropy.

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