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Homo economicus must die (with Samuel Bowles)

Homo economicus must die (with Samuel Bowles)

FromPitchfork Economics with Nick Hanauer


Homo economicus must die (with Samuel Bowles)

FromPitchfork Economics with Nick Hanauer

ratings:
Length:
32 minutes
Released:
May 7, 2019
Format:
Podcast episode

Description

Homo economicus is the figurative human being used in economic modeling. But the term defines human nature as perfectly rational, perfectly logical, and always self-interested. Does that sound like any real humans you know? Nope, we didn’t think so either. So we invited Professor Samuel Bowles to join Nick and Goldy in throwing a funeral for homo economicus, and all the flawed economic thinking that he’s inspired over the years.  
Samuel Bowles is a Research Professor at the Santa Fe Institute where he heads the Behavioral Sciences Program. His work on cultural evolution have challenged the conventional economic assumption that people are motivated entirely by self-interest. His most recent books are ‘The Moral Economy: Why good laws are no substitute for good citizens’ and ‘A Cooperative Species: Human reciprocity and its revolution’. 
‘Spock goes shopping’ was based on a thought experiment in Eric Beinhocker’s book ‘The Origin of Wealth’: https://www.indiebound.org/book/9781422121030
https://democracyjournal.org/arguments/homo-economicus-must-die/
https://www.core-econ.org/
https://yalebooksblog.co.uk/2016/10/11/the-moral-economy-homo-economicus-becomes-human/
Released:
May 7, 2019
Format:
Podcast episode

Titles in the series (100)

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.