“There is something intrinsically upside down and counter-intuitive in the relationship between money and happiness.”
DO
“Advanced technology is great at tasks such as keeping an airliner flying several thousand feet in the air, but is easily crippled by social complications.”
David Orrell
“The invisible hand is an emergent property of this system, which never reaches an optimal equilibrium, but instead is fundamentally dynamic and unstable, with complex effects on society.”
David Orrell
“Mathematics was not just about keeping track of were the moon was going, but also where the money was going.”
David Orrell
“A society in which each person is hell bent on maximizing his or her own utility, may therefore have declining overall utility.”
David Orrell
“If the aim of economics is really to provide the greatest happiness to the most people, than it is rather shocking to discover that economic growth has no net effect on happiness. So what has gone wro...”
David Orrell