The episode is titled “your brains & your genes.” There’s more emphasis on economics than you think.
In the course of your conversation with Jake Young you mentioned an economist friend of yours who was working on the relationship between intelligence, time preference and earnings. You also mentioned an economist (the same one?) who was looking to associate genomic studies with economic behavior. Could you provide citations for the relevant articles. I would like to have a look at them.
two different guys. unpublished right now. i would point you to their current pubs, but i’d rather not identify them. i’ll link on the blog when the work comes out. as it is i don’t even have a working paper in hand, it is just something they told me they were working on.
You both seemed to believe that economic rationality is defined by how you respond to one price signal: that of money. This disregards a host of other things, like the fact that as a scientist you’re being paid to play much of the time.
Economics is not really about money and if you read Mises, Hayek, and the other Austrians, they make this clear. Reading Keynes will have you believing that business cycles are inexplicable, saving money is detrimental to society even if it’s good for you, and that building pyramids is a legitimate way to “stimulate” a people out of a recession.
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