Rethinking Economic Systems: From Machines to Organisms

This chapter contrasts neoclassical and behavioral economics, advocating for an organic view of economic systems that recognizes the complexities of human behavior. It emphasizes the limitations of traditional monetary policy approaches, highlighting the importance of understanding monetary mechanisms and the role of banks in economic growth. Through various metaphors and historical examples, the chapter calls for a reevaluation of how policymakers approach economic dynamics to foster better outcomes.