Join 📚Jof’S Book Highlights
A batch of the best highlights from what Jophin's read, .
We have ample evidence that people are averse to small losses, but not so much toward very large Black Swan risks (which they underestimate), since they tend to insure for small probable losses, but not large infrequent ones. Exactly backwards.
Antifragile
Nassim Nicholas Taleb
While it is easy to characterise the JG as purely a public sector job-creation strategy designed to reduce income insecurity, it is important to appreciate that it is actually a macroeconomic policy framework designed to deliver full employment and price stability based on the principle of buffer stocks, where job creation and destruction is but one component.
Reclaiming the State
William Mitchell,Thomas Fazi
If all that the state has done since independence is to construct a modern industrial base, it now appears a real possibility that this modernized industrial base could serve cultural revivalism and the pursuit of power associated with it. This pursuit has never had much patience with the struggle for equality and justice. Unless these struggles find new leaders of the stature of Gandhi and Ambedkar, we could well be entering a long corridor of darkness.
Political Agenda of Education
Krishna Kumar
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