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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Sep 2

    It’s hard to find anyone whose teachings are mischaracterized as often as Adam Smith’s. A *lot* of his work is about moral compass and non-financial/incentivized decision making, but all you ever hear about is his belief that markets are pretty great (and they are).

    8:58 PM - 2 Sep 2018
    • 12 Retweets
    • 120 Likes
    • Maya Plentz E. Harding (hail Bolsonaro!) Jason S. Mow 🤔 FUTUR 🛸 Urfan Mammad James Burns Avinash Alexander Chris Spoke
    6 replies 12 retweets 120 likes
      1. Austen Allred‏Verified account @AustenAllred Sep 2

        (Ironically Marx would also be about as misunderstood; his ideas were even worse than we give him credit for)

        4 replies 3 retweets 66 likes
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      1. New conversation
      2. Sam Havens‏ @sam_havens Sep 2
        Replying to @AustenAllred

        Interesting, what are some good reads that show this?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 2
        Replying to @sam_havens

        “Moral Sentiments”

        1 reply 0 retweets 4 likes
      4. 1 more reply
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      2. Maria Chong‏ @mariachong Sep 2
        Replying to @AustenAllred

        Yes! "Wherever there is great property, there is great inequality." "To superficial minds, the vices of the great seem at all times agreeable." (Adam Smith)

        1 reply 1 retweet 7 likes
      3. Paul Pajo #Insulin4All {#HODL}‏ @pageman Sep 3
        Replying to @mariachong @AustenAllred

        My favorite Adam Smith quote: The man whose whole life is spent in performing a few simple operations, of which the effects are perhaps always the same, or very nearly the same, has no occasion to exert his understanding or to exercise his invention in finding out expedients /1

        1 reply 0 retweets 1 like
      4. Paul Pajo #Insulin4All {#HODL}‏ @pageman Sep 3
        Replying to @pageman @mariachong @AustenAllred

        ... for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become. /2

        1 reply 0 retweets 3 likes
      5. Maria Chong‏ @mariachong Sep 3
        Replying to @pageman @AustenAllred

        That's really good. Thanks for posting it. (Adding it to my collection!)

        0 replies 1 retweet 1 like
      6. End of conversation
      1. New conversation
      2. Zach C‏ @zachcaceres Sep 2
        Replying to @AustenAllred

        The people who hate Smith have never read Smith, or even just read an intellectually-honest secondary source ABOUT Smith like essays by another great Smith: experimental economist Vernon Smith

        1 reply 1 retweet 1 like
      3. 1 more reply
      1. Spencer Camp‏ @spencercamp Sep 3
        Replying to @AustenAllred

        So true. 😅 Most of what the U.S. believes about economics is derived from John Locke’s Second Treatise on Government and not Adam Smith. Locke states that government exists to defend private property, which is land + labor. Marx disagrees with Locke.🏛

        0 replies 0 retweets 1 like
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      1. John Brown‏ @johnbrownsbody0 Sep 2
        Replying to @AustenAllred

        Thank you. Please run for King. Ok president will do too.

        0 replies 0 retweets 0 likes
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