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Emotional Currency: How Money Shapes Human Relationships

Summary:
A superb podcast about money, relationships, and how we hardly ever used barter before we invented money - we simply did each other favours. Of course, we all keep a mental record of who owes us what, but that isn't strictly true either.I tweeted back saying it might sound business like (keeping a mental record of who owes what), but we make friendships this way, where we start to like each other. But they talk about this at the end of the podcast.They ask in the podcast what would happen if we all paid our debts up - but this would never happen, they said, because our relationships are all about sharing, and sharing fairly? We like being friends and helping each other out. Our relationships are built around the favours we owe each other, even if the favour is just being a good

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Emotional Currency: How Money Shapes Human Relationships

A superb podcast about money, relationships, and how we hardly ever used barter before we invented money - we simply did each other favours. Of course, we all keep a mental record of who owes us what, but that isn't strictly true either.

I tweeted back saying it might sound business like (keeping a mental record of who owes what), but we make friendships this way, where we start to like each other. But they talk about this at the end of the podcast.

They ask in the podcast what would happen if we all paid our debts up - but this would never happen, they said, because our relationships are all about sharing, and sharing fairly? We like being friends and helping each other out. Our relationships are built around the favours we owe each other, even if the favour is just being a good friend.

Emotional Currency: How Money Shapes Human Relationships

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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