**Social status is the human currency. It has to be. If we didn’t pursue status humans couldn’t ‘calculate’ (in the heuristic sense) how to behave any more than they could calculate plans without using prices (in the quantitative sense). If economic calculation is impossible without prices and incentives, then human planning is impossible without status signals and incentives.**
Source date (UTC): 2011-08-20 09:15:00 UTC
Leave a Reply