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  • "... taking a leap of faith was perhaps the inevitable step after behavourial economics and neuroeconomics."

    "Welcome to existential economics."

    "Since the knowledge human beings have is limited, every decision "represents a leap of faith that must be made without any clear understanding of the consequences. This is why true decisions provoke anxiety", summarizes Mr. Phelps".

    "... in Kierkegaard’s view, if I understand it, the impossibility of truly knowing the best decision, time and again, is not an unavoidable difficulty of living. Neither is it a difficulty made avoidable by the nanny state. It is instead an invaluable well-spring of experiences that can provide us full personal growth."

    The gross domestic happiness index fails to measure the "deeper meaning" of life: Kierkegaard believed it "came from making tough choices to believe in and obey God (even though there was no rational basis for doing so)".

    "Kierkegaard insists that anxiety is...the price individuals have to pay for being personally responsible for their lives".

    "A gross domestic anxiety index, anyone?"

    Andrew Sentance "tweeted his surprise at discovering that the Dane was not featured in the famous Monty Python song about drunken philosophers."

    What would the lyrics have been, had Kierkegaard been included?

    "... this ditty tweeted by Clive Crook, ... a writer on economics for Bloomberg View: “Sodden Kierkegaard, when he’d had a few, could bore you senseless about what is true.” "

    Source: http://www.economist.com/blogs/freeexchange/2013/05/existential-economics
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