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
5 comments:
No link atm.
Link broken still.
http://www.independent.co.uk/news/uk/crime/former-kgb-major-says-gareth-williams-was-blackmailed-into-becoming-a-double-agent-and-killed-when-a6707141.html
The "spy in a bag" case.
Nonrandom:
http://www.fresheconomicthinking.com/2015/10/explaining-everything-explains-nothing.html
Thanks. Fixed now.
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