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Johnathan Bi on Mimesis and René Girard

EconTalk

CHAPTER

Rethinking Economics: Beyond Utility and Transactions

This chapter examines the interplay between economics, social interactions, and philosophy, drawing on Adam Smith's foundational ideas about trade and trust. It critiques the limitations of traditional economic models and explores the contributions of prominent economists who consider individuals as socially embedded beings. The discussion emphasizes the importance of qualitative assessments in understanding value amidst shifting societal perspectives on material prosperity.

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