Neoliberal Economics - The Third and Most Pernicious Hypothesis

The second assumption is that the price of something is always equal to its value. The third assumption, and by far the most pernicious, is a behavior model that describes human beings as something called homo economics. This basically means that we are all perfectly selfish, perfectly rational and relentlessly self maximizing. And it is this behavior model which is at the cold cruel heart of neoliberal economics. It is as morally corrosive as it is scientifically wrong.