Reading
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Is Cost Disease Really a Sickness? Rethinking “Unbalanced Growth” in the Age of Automation
The great economist Baumol threw out the “cost disease” half a century ago this concept. At that time, the United States was experiencing unprecedented gold growth. However, from government officials to economists to the general public, “cost disease” is full of out-of-context misunderstandings, making it difficult to make a comprehensive and correct diagnosis and treatment. Fortunately, the Chinese version of Baumol’s book “Growing Trouble: Baumol’s Disease and Its Response” was published in time, which may help stop the spread of specious and dangerous perceptions. 1. The essence of cost disease: the trouble of unbalanced growth There is no denying that cost disease is an annoyance. In 1817, it took four…
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The Psychology Behind Long-Term Investing: Understanding the Cognitive Foundations of Compound Growth
It is easy to believe that a financial background is not required to enter the financial industry, that is, the so-called professional background is not necessarily better than the semi-monk.The rationale is persuasive and even lethal-because a large number of successful people in the financial industry have no financial professional background. It is indisputable that there are many star fund managers and investors who exist like gods and are always ready to fall from the altar, widely from physics, mathematics, electronics, machinery, chemical engineering and other basic disciplines and science and engineering majors. On the financial road of no return, analysts from various non-financial professions seem to have “invisible wings”.It…
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Decoding Desire: How Hobbes Unraveled Human Emotions and Built a Blueprint for Society
This section talks about the ethics part of Hobbes’ philosophy. According to his definition, the research object of ethics is human temperament and behavior, which is actually human nature. Philosophy studies objects, and human nature is also an object. He tries to study human nature as an objective thing and find its laws. He concluded that desire is the most basic factor in human nature, and desire can explain all human emotions, moods and behaviors. His views on life issues, including happiness and morality, and his politics are also based on his understanding of human nature. 1. Desire is a basic factor in human nature Hobbes regarded desire as the…
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From Novel to Reality: Istanbul’s Museum of Innocence Unlocks Layers of Love and City Life
When I read Pamuk’s novel “The Museum of Innocence” in 2010, I felt a surprising joy. The narrative of the work is dense, bright and sad. It not only talks about love, but also talks about what an ideal person looks like. I wrote a review about this at that time, called “When Will Great Writers Start Talking About Love”. In 2012, I learned that Pamuk had actually built a “Museum of Innocence”, which I found very interesting. He had materialized literature, and Istanbul became a place I clearly wanted to visit. In short, I came to visit the Museum of Innocence with mixed emotions as I had a good…
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How “Facts Are Subversion” Explores the Subversive Power of Unfiltered Facts
Have you ever heard the saying, “Today’s news is tomorrow’s history”? This sentence is very simple, and we all seem to understand what it means, and maybe even agree with it. But if you think about it more carefully, you will find that there are many problems with this sentence. For example, it seems to imply a standard for what can be written into history. Are only the facts reported by the news media today worthy of being in the halls of history? Like many small things in our daily lives, how people buy and sell at street stalls, and how they interact on transportation, these things are not qualified…
