Chapter
The Value of Giving Gifts
12:46 - 19:12 (06:26)
The act of giving a gift is not just about the object itself but also about the value and intentions behind it, such as promoting dignity, self-respect, and aspiration.
Clips
The speaker suggests bringing a $20 bill as a gift for the host instead of a $20 bottle of wine so that the host can have the option to buy any preferred beverage or item with the money instead.
12:46 - 15:29 (02:42)
Summary
The speaker suggests bringing a $20 bill as a gift for the host instead of a $20 bottle of wine so that the host can have the option to buy any preferred beverage or item with the money instead.
ChapterThe Value of Giving Gifts
Episode#531 - Russ Roberts - An Economist’s Guide To Life’s Big Decisions
PodcastModern Wisdom
The narrow focus on pleasures and pains in the economist's toolkit can lead to missing out on bigger issues such as dignity, self-respect and becoming the person one aspires to be.
15:29 - 17:40 (02:11)
Summary
The narrow focus on pleasures and pains in the economist's toolkit can lead to missing out on bigger issues such as dignity, self-respect and becoming the person one aspires to be. These wild problems, despite having bigger externalities, run along similar lines and therefore, an economic approach to resolving them may be challenging.
ChapterThe Value of Giving Gifts
Episode#531 - Russ Roberts - An Economist’s Guide To Life’s Big Decisions
PodcastModern Wisdom
The speaker suggests that in order to figure out who you want to be, you should examine what you care about and what you might care about if you were different.
17:40 - 19:12 (01:32)
Summary
The speaker suggests that in order to figure out who you want to be, you should examine what you care about and what you might care about if you were different. Questions like what it's like to live in a foreign country or live an ethical life can help define who you are.