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Showing posts from June, 2025

Mindset: The New Psychology of Success(Carol S. Dweck)

  1. Life Is Yours "It is your chosen perspective that determines whether you can become the person you want to be and realize the value of your life." Mobile e-book: 27p Even when faced with the same situation, everyone reacts differently. I believe that life's outcomes are ultimately determined by our own choices. I think our current state is a result of our past choices. For instance, writing this book review is a consequence of my past decision to read the book. And my improving writing skills (though still lacking) are a combination of past writing experiences before starting the blog, plus the experience of writing more and more since starting the blog. This has led to the current result where I can now quickly write a book review in 1-2 hours (and marking important lines while reading helps reduce time spent on quotes). Similarly, your current state is a product of your accumulated past experiences, efforts, and trials and errors. No one is good from the start. Wha...

New Ideas from Dead Economists(Todd G. Buchholz)

  1. The Paradox of Selfishness: A Path to Equality "Human selfishness can, paradoxically, create a more egalitarian world. The government should not suppress selfish individuals or human selfishness because it is a rich natural resource. Conversely, over-reliance on human compassion or altruism can lead people to become foolish and the nation to become impoverished." (Mobile e-book: 117p) People desire to become wealthy. Companies operating under capitalism leverage their "selfishness" to gain wealth by creating better products or services than their competitors, all to acquire consumer wealth. If the government or national laws impede this, it could lead to economic contraction, similar to North Korea or China, where corporate ownership and wealth creation are controlled. While excessive monopolization is certainly an issue, even monopolies arise because there are no comparable substitute goods or competitors. For example, Apple and Samsung, Samsung and LG, Google...