Nasar – Grand Pursuit

Book page: nasar-grand-pursuit

From: Quotes batch 15

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Concept

“The modern concept of the economy is not a fixed machine, but a living organism that humans can learn to manage.” (p. 18)

Behavior

“Economic history is the story of how man escaped the ‘Malthusian trap’ through changes in collective social behavior.” (p. 84)

Game Theory

“John von Neumann’s insight was that life is a series of maneuvers—a game of bluffing and calculated risks.” (p. 342)

Cognition

“The shift in economic thinking required a new cognitive framework: seeing wealth as something created, not just seized.” (p. 126)

Memory

“The Great Depression remains the dominant memory of the 20th century, shaping every fiscal policy that followed it.” (p. 288)