Brian Epstein, “The Social World, Reexamined” (Open Agenda, 2021)
New Books in Economics
00:00
The Copernican Revolution
Nymike: We are operating under the assumption that all of the social world can be explained by individual human behavior, an individual people. And so you have these economists who say, ok, while people should all be rationalized, rational individuals and anmaximise er utility functions. But actually they're not altogether rational, so we have to have a better understanding of human psychology. Nymike: The problem with contemporary economics is that it assumes that everybody's rational. It's just a faulty assumption if you actually look at the way that the soia world is built in a more serious way.
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