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Accountable to Darwin vs. Accountable to Newton

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Manage episode 407613316 series 3454180
Indhold leveret af Morgan Housel. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Morgan Housel eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Woodrow Wilson was the only president with a Ph.D. in political science.

He came to office having thought more about how a government functions than most before him or since.

One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.

Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved.
I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money.

  continue reading

65 episoder

Artwork
iconDel
 
Manage episode 407613316 series 3454180
Indhold leveret af Morgan Housel. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Morgan Housel eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Woodrow Wilson was the only president with a Ph.D. in political science.

He came to office having thought more about how a government functions than most before him or since.

One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.

Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved.
I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money.

  continue reading

65 episoder

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