Saturday, October 24, 2015

Cameron K. Murray — Explaining everything explains nothing: Economics

Sure, humans often make calculated decisions, but the more I learn about the nexus between individual behaviour and how we behave in groups, the more I see very little value in rational-individualist views of economic systems that see all behaviour arising from God-given personal tastes. Without acknowledging the necessity of group-coordination mechanisms intrinsic in our behaviour, we are missing the main story.
Fresh Economic Thinking
Explaining everything explains nothing: Economics
Cameron K. Murray


NeilW said...

No link atm.

Random said...

Link broken still.

Random said...
The "spy in a bag" case.

The Arthurian said...


Tom Hickey said...

Thanks. Fixed now.