Cowen: Rational individual choices for safety make society collectively worse off
Tyler Cowen · #39 Tyler Cowen: Thinking About Thinking · Aug 21, 2018 · at 13:36
Economist Tyler Cowen outlines the central thesis of his book The Complacent Class on The Knowledge Project.
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“So a lot of these decisions to settle in and be safe and comfortable, they're individually rational. Like, it's good to be safe, right? Stress is, is, is a bad thing. But when our society collectively makes this decision, there are ways in which we're all worse off because we live in a much less dynamic country.”
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