The profession of economics should guide society how best to use available resources to create an optimal outcome for people and environment. But it’s terribly failing at that, according to Jeffrey Sachs, economics professor at Columbia University. Sachs says that economics is obsessed with “completely unimportant things” and as a result is not doing what it should be doing: helping people. In his view the problem started centuries ago. Back then, economics went off track by embracing “a profoundly flawed model of human nature and therefore a flawed model of human purpose.” Economics is a field “that doesn’t know where it’s heading” because it doesn’t know “what the good is.” Read on for some good and inspiring thinking.
‘Economics profession is obsessed with the wrong things and not helping people’
More of Today's Solutions
This series will take you to the world’s most ingenious homes
We at the Optimist Daily are always curious about the latest developments in architecture and design. It came to our attention that Apple TV+ has ...
Read MoreThree types of plants that will thrive in your kitchen
There’s nothing like a little indoor greenery to brighten up your home, especially if you live in an apartment where there’s no space for ...
Read MoreSelf-sustaining batteries powered by the body’s oxygen
Imagine a world in which medical implants may run perpetually without the need for battery refills. This futuristic potential could soon become a reality ...
Read MoreHow to listen like a therapist with four ways to build deeper connection and ...
BY THE OPTIMIST DAILY EDITORIAL TEAM We often underestimate the power of truly being heard. But anyone who’s experienced the relief of someone really ...
Read More
