How Our Sense Of Time Became Defined By Economics

“Time’s unknowable perils contributed to the flourishing of economic thought. But then something interesting happened. The creature became the creator: The economy re-invented time. Or, to put things less obliquely, the age of exploration and the industrial revolution completely changed the way people measure time, understand time, and feel and talk about time.”

When The Science Of Mistakes Made A Big Mistake

“This scientific study of scientific bias would ignite a romance of the mind, one that spanned several decades and ended up transforming both psychology and economics. Danny Kahneman and Amos Tversky went on to show that mistakes in human judgment are not exceptions but the rule, resulting from a host of mental shortcuts and distortions that cannot be avoided. We do not behave like “rational actors,” as economists once presumed; rather, we’re predictably misguided—subject to a “bounded rationality.” Tversky went on to win a MacArthur “genius” grant on the basis of their work. Kahneman would get a Nobel Prize.”

How Did Red And Green Become The Colors Of Christmas? You Can Thank Coke For That

In 1931 “Coca-Cola hired an artist to create a Santa Claus. They had done this before, but this particular artist created a Santa Claus that we associate with the Santa Claus today in many ways: He was fat and jolly — whereas before he was often thin and elf-like — and he had red robes. … And so the fact that all these things came together — this friendly, fat Santa in these bright red robes, which, I don’t think is a coincidence, match the color of the Coke logo — this really took hold in American culture.”