Class Struggle Still Gets the Goods. The bulk of Piketty criticism has focused, rather boringly, on whether the rate of investment return will remain steady when the wealth-to-income ratio soars.
But economists like Dean Baker, J. W. Mason, and now Naidu have pioneered a more interesting line of attack. According to them, Piketty has not made some mistake in judging elasticities. Rather, he has the entire order of events backwards. Piketty’s account of how wealth builds over time centers on savings. The problem with Piketty’s story, which Naidu and his peers get at in various ways, is that it doesn’t match reality. This has quite startling implications for the way we think about the nature of wealth in a capitalist economy.
Once this truth is understood, it becomes easy to see why Piketty may well have everything backwards. In other words, the capital share drives the wealth-to-income ratio, not the other way around. The Domino Effect: How to Create a Chain Reaction of Good Habits. Human behaviors are often tied to one another.
For example, consider the case of a woman named Jennifer Lee Dukes. For two and a half decades during her adult life, starting when she left for college and extending into her 40s, Dukes never made her bed except for when her mother or guests dropped by the house. This Is How To Make Good Habits Stick: 6 Secrets From Research. We all want to get to the gym, be more productive, be kinder to our loved ones… and then we don’t do it.
Why? Well, building solid personal habits can be hard. In fact, research shows it takes an average of 66 days to build a new good habit. From Oliver Burkeman’s Help! How to be slightly happier and get a bit more done: This Is How To Make Good Habits Stick: 6 Secrets From Research. Uk.businessinsider. How I Became A Morning Person, Read More Books, And Learned A Language In A Year. You’ll notice that I made the title of this post sound quite impressive (at least I hope I did!).
But the great thing about this story is that anyone can have such an impressive outcome, and it’s not at all as daunting as it might sound. In fact, all these outcomes came from doing small things every day over a long period. When did the self-help movement lose its ethical ser... How to Stick With Good Habits Every Day by Using the "Paper Clip Strategy".
In 1993, a bank in Abbotsford, Canada hired a 23-year-old stock broker named Trent Dyrsmid.
Dyrsmid was a rookie so nobody at the firm expected too much of his performance. Moreover, Abbotsford was still a relatively small suburb back then, tucked away in the shadow of nearby Vancouver where most of the big business deals were being made. The first popular email services like AOL and Hotmail wouldn’t arrive for another two or three years. Geography still played a large role in business success and Abbotsford wasn’t exactly the home of blockbuster deals.
This Is The #1 Ritual You Need To Do Every Day. You read a lot on the internet about rituals that can help you be better in the morning or leap over tall building with a single bound.
Maybe some celebrity does this one or that one. Yeah, wonderful. But what’s a simple solution customized for you — yes, you — that can make your happy moments happier, can help you overcome grief, increase your performance at work, and even stop procrastinating? The Psychology of Self-Control. By Maria Popova “Everyone’s self-control is a limited resource; it’s like muscle strength: the more we use it, the less remains in the tank, until we replenish it with rest.”
Ever since psychology godfather William James first expounded the crucial role of habit in how we live and who we become, modern psychology has sought to figure out how we can rewire our bad habits, maximize our willpower, and use habits to optimize our productivity. And yet, if the market for self-help books and to-do apps and productivity tools is any indication, a great many of us still struggle with either understanding the psychology of habit and willpower or applying it to what really matters. Habits: Why We Do What We Do - HBR IdeaCast. An interview with Charles Duhigg, reporter for The New York Times and author of The Power of Habit: Why We Do What We Do in Life and Business.
Download this podcast. How to Build a New Habit: This is Your Strategy Guide. According to researchers at Duke University, habits account for about 40 percent of our behaviors on any given day.  Understanding how to build new habits (and how your current ones work) is essential for making progress in your health, your happiness, and your life in general.
The Chemistry of Building Better Habits. There is a concept in chemistry known as activation energy.
Here’s how it works: Activation energy is the minimum amount of energy that must be available for a chemical reaction to occur. 5 Common Mistakes That Cause New Habits to Fail (and What to Do About Them) Welcome to 2015. It’s New Year’s Resolution time. Depending on where you get your numbers, somewhere between 81 percent and 92 percent of New Years Resolutions fail.  Translation: At least 8 times out of 10, you are more likely to fall back into your old habits and patterns than you are to stick with a new behavior.
Behavior change is hard. How to Change Your Beliefs and Stick to Your Goals for Good. In one of my very first articles, I discussed a concept called identity-based habits. The basic idea is that the beliefs you have about yourself can drive your long-term behavior. Maybe you can trick yourself into going to the gym or eating healthy once or twice, but if you don’t shift your underlying identity, then it’s hard to stick with long-term changes. Most people start by focusing on performance and appearance-based goals like “I want to lose 20 pounds” or “I want to write a best-selling book.” But these are surface level changes.
The root of behavior change and building better habits is your identity. This brings us to an interesting question. How Simple Mini Habits Can Change Your Life. How to Stay Focused When You Get Bored Working Toward Your Goals. We all have goals and dreams, but it can be difficult to stick with them. Each week, I hear from people who say things like, “I start with good intentions, but I can’t seem to maintain my consistency for a long period of time.” Or, they will say, “I struggle with mental endurance. I get started but I can’t seem to follow through and stay focused for very long.” Don’t worry. I’m just as guilty of this as anyone else. For example, I’ll start one project, work on it for a little bit, then lose focus and try something else. Maybe you have felt this way too. This problem reminds me of a lesson I learned while working out one day…
Why Successful Habits Are About Structure, Not Effort. How Habits Shape Your Health, Happiness, and Wealth. In 1936, a man named Kurt Lewin wrote a simple equation that changed the way we think about habits and human behavior. The equation makes the following statement: Behavior is a function of the Person in their Environment.  Known today as Lewin’s Equation, this tiny expression contains most of what you need to know about building good habits, breaking bad ones, and making progress in your life.
Let’s talk about what we can learn from it and how to apply these ideas to master the habits that shape your health, happiness, and wealth. What Drives Our Behavior? Before Lewin’s Equation became famous, most experts believed that a person’s habits and actions were a result of the type of person they were, not the environment they were in at the time. 5 Secrets to Better Life Habits. How To Trick Your Brain To Hold On To Positive Habit Changes. We truly are creatures of habit.
Nearly half of our everyday behaviors tend to be repeated in the same location almost every day, according to research out of Duke University. Warning - Habits May Be Good for You. The 5 Triggers That Make New Habits Stick. In his best-selling book, The Power of Habit (audiobook), author Charles Duhigg explains a simple three-step process that all habits follow. This cycle, known as The Habit Loop, says that each habit consists of… The Trigger: the event that starts the habit.The Routine: the behavior that you perform, the habit itself.The Reward: the benefit that is associated with the behavior.
The image below shows how these three factors work together to build new habits.  Top 10 Ways to Break Bad Habits. Trying to Start a New Habit? Mornings Matter - 7Min Blog. “Opportunities are like sunrises.