The core premise of economic theory is that people choose by optimizing.


“Of course we would all like to “believe” in something, like to assuage our private guilts in public causes, like to lose our tiresome selves; like, perhaps, to transform the white flag of defeat at home into the brave white banner of battle away from home. And of course it is all right to do that; that is how, immemorially, things have gotten done. But I think it is all right only so long as we do not delude ourselves about what we are doing, and why. It is all right only so long as we remember that all the ad hoc committees, all the picket lines, all the brave signatures in The New York Times, all the tools of agitprop straight across the spectrum, do not confer upon anyone any ipso facto virtue. It is all right only so long as we recognize that the end may or may not be expedient, may or may not be a good idea, but in any case has nothing to do with “morality.” Because when we start deceiving ourselves into thinking not that we want something or need something, not that it is a pragmatic necessity for us to have it, but that it is a moral imperative that we have it, then is when we join the fashionable madmen, and then is when the thin whine of hysteria is heard in the land, and then is when we are in bad trouble. And I suspect we are already there.”
― Slouching Towards Bethlehem: Essays
― Slouching Towards Bethlehem: Essays

“It was nothing unusual for me to sleep on the floor, or in a chair, or on a couch too narrow and too short for comfort—that was the way we lived, and the way thousands of other people like us lived. One stayed up all night, and finally went to sleep wherever there happened to be room for one man to put his tired carcass. It is a strange thing that we should have thought nothing of it, when if anyone had suggested sleeping on the floor as a penance, for the love of God, we would have felt that he was trying to insult our intelligence and dignity as men! What a barbarous notion! Making yourself uncomfortable as a penance! And yet we somehow seemed to think it quite logical to sleep that way as part of an evening dedicated to pleasure. It shows how far the wisdom of the world will go in contradicting itself. “From him that hath not, it shall be taken away even that which he hath.”
― The Seven Storey Mountain
― The Seven Storey Mountain
J.C.’s 2024 Year in Books
Take a look at J.C.’s Year in Books, including some fun facts about their reading.
More friends…
Polls voted on by J.C.
Lists liked by J.C.