FORA Economy

Season 2008 Episode 0111

Michael Shermer on The Mind of the Market

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Michael Shermer on The Mind of the Market
AIRED:
The Mind of the Market: The Case for Capitalism from an Evolutionary Perspective with author Michael Shermer.In his new book, The Mind of the Market: Compassionate Apes, Competitive Humans, and Other Tales from Evolutionary Economics, Michael Shermer examines such questions as: How did we evolve from ancient hunter-gatherers to modern consumer-traders? Why are people so irrational when it comes to money and business?He argues that the new science of evolutionary economics provides an answer to both of those questions. Shermer shows how evolution and economics are both examples of a larger phenomenon of complex adaptive systems - Cato Institutemoreless
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