There was a really interesting article in the business section of the New York Times recently entitled “The mental strain of making do with less.” In it, Sundhil Mullainathan shares some insights from his new book, “Scarcity: why having too little means so much.”
The basic premise is that each of us has only so much “mental bandwidth,” and that coping with psychological stress – in particular the stress associated with poverty – leaves the poor with less mental energy or capacity to deal with everyday life. It is a fascinating and profound proposition. As Mullainathan points out, looking at the world this way could turn a lot of stereotypes on their heads: what if “poor people make bad choices in life” is really a reflection of “being poor makes you less able to make good choices”?
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