#21019
Mentioned in 1 episodes
The Community of Advantage
A Behavioral Economist's Defense of the Market
Book •
Robert Sugden's "The Community of Advantage" offers a behavioral economist's perspective on the moral and ethical aspects of market exchange.
Sugden challenges the traditional view of homo economicus, arguing that market interactions are not solely driven by self-interest.
He highlights the importance of cooperation, trust, and shared norms in facilitating successful market outcomes.
The book explores how these social elements contribute to the overall well-being of the community.
Sugden's work provides a nuanced understanding of market behavior, emphasizing the interplay between individual incentives and social dynamics.
It offers a compelling defense of markets as institutions that foster both individual prosperity and collective benefit.
Sugden challenges the traditional view of homo economicus, arguing that market interactions are not solely driven by self-interest.
He highlights the importance of cooperation, trust, and shared norms in facilitating successful market outcomes.
The book explores how these social elements contribute to the overall well-being of the community.
Sugden's work provides a nuanced understanding of market behavior, emphasizing the interplay between individual incentives and social dynamics.
It offers a compelling defense of markets as institutions that foster both individual prosperity and collective benefit.
Mentioned by
Mentioned in 1 episodes
Mentioned by Tom Palmer as a recent book he read that challenges the assumption of inherent selfishness in markets.
33 snips
Markets are Good for More than Wealth (w/ Tom Palmer)
