205 | John Quiggin on Interest Rates and the Information Economy
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
Exploring Market Justifications and Failures
This chapter examines the moral and philosophical dimensions of market pricing, questioning the existence of a 'just price' in a neoliberal economy. It highlights the complexities of human decision-making influenced by emotional factors, especially in unique transactions such as house-buying, and addresses the implications of market failures on critical issues like climate change and labor dynamics. Through discussions of irrational behaviors and evolving economic theories, the chapter illustrates the necessity for a deeper understanding of markets and their impact on society.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
