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140a. Political economy pt. I: The Social Order of the Underworld

Education Bookcast

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Importation Theory and Deprivation Theory

In order to understand why governance is important there are some basic assumptions behind David Scarbick's approach which he calls the rational choice approach. The assumption that people are self-interested and respond rationally to changes in costs and benefits these are really fundamental ideas in all of economics including political economy. I tried to think about ways in which this could be violated. Perhaps if you go back to the chimp model that I've spoken about before and you think there's the chimp and there's the human within that model they have different values depending on whether their chimp or human is dominant at a given time. That's a way that I could imagine that this could fail or have difficulties but

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