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“eynes’ claim about how animal spirits drive the economy brings us
to the role of government. His view of the government’s role in the
economy was very much like what we are told in the parenting advice
books.6 On the one hand, they warn us not to be too authoritarian.
The children will be superficially obedient, but when they become
teenagers they will rebel. On the other hand, these books tell us not to
be too permissive. In this case they have not been taught to set proper
limits for themselves. The advice books then tell us that appropriate
child rearing involves a middle road between these two extremes. The
proper role of the parent is to set the limits so that the child does not
overindulge her animal spirits. But those limits should also allow the
child the independence to learn and to be creative. The role of the parent is to create a happy home, which gives the child freedom but also
protects him from his animal spirits.”
―
to the role of government. His view of the government’s role in the
economy was very much like what we are told in the parenting advice
books.6 On the one hand, they warn us not to be too authoritarian.
The children will be superficially obedient, but when they become
teenagers they will rebel. On the other hand, these books tell us not to
be too permissive. In this case they have not been taught to set proper
limits for themselves. The advice books then tell us that appropriate
child rearing involves a middle road between these two extremes. The
proper role of the parent is to set the limits so that the child does not
overindulge her animal spirits. But those limits should also allow the
child the independence to learn and to be creative. The role of the parent is to create a happy home, which gives the child freedom but also
protects him from his animal spirits.”
―
Yu’s 2025 Year in Books
Take a look at Yu’s Year in Books, including some fun facts about their reading.
Polls voted on by Yu
Lists liked by Yu
