Published May 20, 2019

Mary Hirschfeld on Economics, Culture, and Aquinas and the Market

Mary Hirschfeld joins Russ Roberts to discuss the intersection of economics and culture, challenging the conventional emphasis on material wealth and economic growth. They advocate for a shift towards valuing community support, honest work, and higher societal values, emphasizing rational pursuits for true happiness beyond financial incentives.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Russ Roberts

Mary Hirschfeld on Economics, Culture, and Aquinas and the Market

Topics covered

Popular Clips

The Good of Business

Pursuing Happiness

Rethinking Economic Life

The Importance of Status

Understanding Sunk Costs

Money vs. Norms

The Rationality of Happiness

Balancing Incentives

Maximizing Desires

Valuing Honest Work

The Power of Social Stigma

Rethinking Economic Growth

Human Rationality and Material Goods

Pursuing Happiness

Episode Highlights

Economic Inequality

Economic Incentives

Pursuit of Happiness

Related Episodes

Vernon Smith on Rationality in Economics

Robert Frank on Dinner Table Economics

Maeve Cohen on Rethinking Economics

Arnold Kling on Economics for the 21st Century

Walter Williams on Life, Liberty and Economics

Debra Satz on Markets

Robert Skidelsky on Money, the Good Life, and How Much is Enough

Michael Munger on Many Things

Deirdre McCloskey on Capitalism and the Bourgeois Virtues

Betsey Stevenson and Justin Wolfers on Happiness, Growth, and the Reinhart-Rogoff Controversy

Robert Frank on Economics Education and the Economic Naturalist

Martha Nussbaum on Creating Capabilities and GDP

Martha Nussbaum on Alexander Hamilton

Stephen Marglin on Markets and Community

Michael Munger on Free Markets

Mary Hirschfeld on Economics, Culture, and Aquinas and the Market

Topics covered

Popular Clips

Episode Highlights

Economic Inequality

Economic IncentivesMary Hirschfeld discusses the intersection of economics and culture, questioning the reliance on material wealth for happiness. She challenges the dominance of monetary incentives, advocating for a balance with higher societal values.

Economic Incentives

Pursuit of HappinessMary Hirschfeld critiques the pursuit of maximizing desires and economic growth, arguing that they distract from meaningful pursuits and true happiness. She emphasizes the importance of human rationality in seeking deeper, more fulfilling goods beyond material wealth.

Pursuit of Happiness

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