How Should Personal and National Wealth Be Measured?

How Should Personal and National Wealth Be Measured?

How we measure wealth, riches, abundance, and well-being is more important today than ever.

Topics covered include:

  • How late 18th century philosophers Adam Smith and the Earl of Lauderdale defined wealth and the role of capital. Why they worried about income inequality and excess profits
  • What led to the dramatic increase in life expectancy and wealth in the 20th and 21st centuries
  • How a long life expectancy and well-being can be attained at much lower levels of wealth
  • Why John Maynard Keynes was right about the expansion of the economy but wrong about how many hours we would work
  • How the U.S. expanded its wealth relative to the rest of world, and at what cost
  • Why natural capital should be included in measuring wealth


For more information on this episode click here.

Sponsors

Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session.

Brooklinen Use code DAVID20 for $20 off plus free shipping


Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.

Show Notes

An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith—Early Modern Texts

About Adam Smith—Adam Smith Institute

An Inquiry Into the Nature and Origin of Public Wealth and Into the Means and Causes of Its Increase by The Earl of Lauderdale—McMaster University

Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail by Ray Dalio—Simon & Schuster

The Economics of Biodiversity: The Dasgupta Review—GOV.UK

Less Is More: How Degrowth Will Save the World by Jason Hickel—Penguin Random House

Economic Possibilities for Our Grandchildren by John Maynard Keynes—Yale

America’s economic outperformance is a marvel to behold—The Economist

How Much is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random House


Related Episodes

8: What If Everyone Worked Only Four Hours Per Day?

142: Why Are Some Nations Wealthier Than Others?

282: Is GDP the Best Measure of Happiness and Well-Being?

300: Ray Dalio and the Changing World Order

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jaksot(572)

Episode 500: The S&P 500 Index and the Decade Ahead

Episode 500: The S&P 500 Index and the Decade Ahead

In the 500th episode of Money for the Rest of Us, we focus on the S&P 500 Index. How has the index changed, and why have U.S. stocks performed so well? Will U.S. stocks only return 3% in the next deca...

6 Marras 202427min

What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

What Makes an Economy Prosperous? Spotlight on Cuba and Argentina

We explore eight things that contribute to a healthy, growing economy and where Cuba and Argentina have fallen short.Topics covered include:Why Cuba continues to have rolling energy blackoutsWhy econo...

30 Loka 202422min

Ten Things I've Learned About Investing in the Past Decade

Ten Things I've Learned About Investing in the Past Decade

In episode 498, David shares how his investing has changed over the past ten years and lessons you can apply to your portfolio.Document Your JourneyKeep ExperimentingBe Willing to Adopt New Asset Clas...

23 Loka 202430min

How to Fix the Retirement Savings Crisis

How to Fix the Retirement Savings Crisis

Why 401k and other defined contribution schemes are flawed, leading to a generation of workers unprepared for retirement. What are the solutions to fix the mess.TopicsWhy 401k and other defined contri...

16 Loka 202425min

Are You Taking Enough Aspirational Risk?

Are You Taking Enough Aspirational Risk?

Why we need distinct risk buckets: balancing our natural loss aversion with the allure of opportunities that offer the potential for massive upside.Topics covered include:What is modern portfolio theo...

9 Loka 202425min

Plus episode excerpts: ETF Size, the Long-term Impact of QE, and Stock Market Inelasticity

Plus episode excerpts: ETF Size, the Long-term Impact of QE, and Stock Market Inelasticity

This week on the podcast, we share excerpts from Plus episode 484 on ETF size and the impact of QE, as well as Plus episode 493 on stock market inelasticity.You can learn more about Money for the Rest...

2 Loka 202427min

The Federal Reserve Cut Interest Rates. What Should We Do Now?

The Federal Reserve Cut Interest Rates. What Should We Do Now?

What does the Federal Reserve's policy rate cut mean for our portfolios? Will interest rates keep falling? What changes should we make?Topics include:What determines interest rates, and where are thos...

25 Syys 202428min

When to Sell Equity or Borrow: A Guide for Homeowners, Students, and Artists

When to Sell Equity or Borrow: A Guide for Homeowners, Students, and Artists

How do home equity investments, income share agreements, and music royalties work, and how can you participate?Topics covered include:How a home equity investment differs from a home mortgageWhat is t...

18 Syys 202424min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
ostan-asuntoja-podcast
rss-rahamania
herrasmieshakkerit
rss-rentotapaus
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rahapuhetta
kultaiset-hoitajat
rss-lahtijat
rss-startup-ministerio
rss-tarkeista-asioista-2
rss-lain-elamaa
rss-markkinointiradio
rss-sisalto-kuntoon
rss-asiakaskokemusklubi