Personalsavings have beenaccumulated, oftenthroughfrugallivinghabitsthatrequiresacrifices by the entirefamily and arethus a productoflong-termfamily financial behavior.
Because as economists have found and explained through signaling theory and conspicuous conservation, making your socially-focused choices visible can motivate long-term behavior change.
What was lost in the transition between these two economic worldviews in the last 30 years was a recognition that business is embedded in society, a society ruled by laws that govern behavior and set long-term economic priorities and goals, often to the benefit of corporate America.
He also is credited with reviving the field of animal behavior after discovering that both instinctive and learned behavior is necessary for long-term species survival.