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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
at

5 comments:

  1. NeilWOctober 25, 2015 at 1:38 AM

    No link atm.

    ReplyDelete
  2. RandomOctober 25, 2015 at 7:58 AM

    Link broken still.

    ReplyDelete
  3. RandomOctober 25, 2015 at 8:28 AM

    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.

    ReplyDelete
  4. The ArthurianOctober 25, 2015 at 9:09 AM

    Nonrandom:

    http://www.fresheconomicthinking.com/2015/10/explaining-everything-explains-nothing.html

    ReplyDelete
  5. Tom HickeyOctober 25, 2015 at 11:24 AM

    Thanks. Fixed now.

    ReplyDelete