All cultures … have grown out of myths. They are founded on myths. What these myths have given has been inspiration for aspiration. The economic interpretation of history is for the birds. Economics is itself a function of aspiration. It’s what people aspire to that creates the field in which economics works.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "All cultures … have grown out of myths. They are founded on myths. What these myths have given has been inspiration for aspiration. The economic interpretation of history is for the birds. Economics is itself a function of aspiration. It’s what people aspire to that creates the field in which economics works." in the context of "Lecture 1B, 8:20" to mean that wisdom is timeless.
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About Joseph Campbell