From the news media:
U.S. economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday.
Thaler brought to prominence the idea of "nudge" economics, where humans are subtly guided toward beneficial behaviors without heavy-handed compulsion. In his award citation, the Academy said his research had harnessed psychologically realistic assumptions in analyzes of economic decision-making, exploring the consequences of limited rationality, social preferences, and lack of self-control. Richard Thaler's contributions have built a bridge between the economic and psychological analyzes of individual decision-making.

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Thus, the science has proved that the human creative work in the area of economics is guided, among other things, by what the humans consider beneficial for themselves, and the humans consider being beneficial for themselves what they tag as Good in their moral codex for life.

In the Judeo-Christian universe where the Western civilization is situated, the moral codex for life is the guidance of the Torah/Bible. This guidance drives us to be creative – in the image and likeness of God the Creator.
This guidance drives us to be peacefully competitive among competing individuals and communities – to reach the maximum of our capabilities and generate plenty of material goods needed for supporting our spiritual realm.
This guidance drives us to share with the others who are less fortunate the available material goods to help them utilize in full their own capabilities.
The result? – The best creative achievements in the world, which followed the best implementation of the Torah/Bible guidance.

The Richard Thaler’s discovery is another scientific confirmation of the spiritual power of the Torah/Bible written long before the era of formalized science over three millenniums ago.

The Richard Thaler’s discovery provides an explanation for why many nations outside the Judeo-Christian Western civilization have poor economies and suffering people. They have poor economies since their economies were guided by their own moral codex for life and by their own definitions of Good, which were different from the Torah/Bible guidance.

In the Islamic nations, the definition of Good does not include the creative work “in the image and likeness of God the Creator” – as one famous Islamic preacher said, “to be Muslims is enough to be a pathway for us to Paradise, enough to at least put our first step in paradise”.

In the Buddhist-type nations, the definition of Good does not include the creative work as well; it is defined in terms of human’s relationships as “Do good. Refrain from doing harm. Purify the heart".

Yes, the Richard Thaler’ discovery is one more scientific proof of the spiritual greatness of our Judeo-Christian Western civilization guided by the Torah/Bible.
 

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