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Ep. 24 - Vernon Smith: Self-Interest Reconsidered

The Ralston College Podcast

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Economists Don't Have Any Way of Explaining This

"We were creating a world where, oh, it's ok to take all the moey. The experiment has set this up," he says. "And they were defying that." He adds: 'I really, once i understood what adam smith was saying in the theory of moral sentiments, i realized that that was really not satisfactory'

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