Nostalgia in economics

In the eighteenth century a curious trend became fashionable: aristocrats built half-demolished castles to create an artificial past. Nostalgia for the past, for those better times, has been a common phenomenon since time immemorial, and has a neurological foundation: the memories of adolescence and early adulthood are the most persistent, and they mark, sometimes decisively , future behavior. Like athletes, they visualize plays and movements in order to develop them more fluidly and quickly in competition — visualization …