Radio Maria England CREDO - Edward Hadas - Sound Economics #2
12 snips
Aug 18, 2024 Edward Hadas, a Catholic economist, delves into the concept of anthropologically sound economics, emphasizing community and interconnectedness in modern systems. He critiques traditional economic theories that overlook moral behaviors, highlighting the importance of real-life interactions over virtual ones. The conversation touches on how spiritual fulfillment intertwines with economic choices, showcasing food and labor as expressions of divine love. Hadas also examines the psychological factors influencing gym memberships and the implications of consumer behavior on economic structures.
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Small Things, Big Effects
- Edward Hadas and Toby discuss a firewall issue that disrupted train and plane travel.
- A company's stock price dropped, and their PR response with Uber Eats vouchers was deemed catastrophic.
The Myth of Independence
- Modern economics often wrongly assumes individuals and firms are independent, self-interested agents.
- This ignores our inherent social nature and interdependence, especially in today's economy.
Catholic Anthropology vs. Homo Economicus
- Catholic anthropology views humans as inherently good, aiming for good in all actions, including economic ones.
- This contrasts with the "homo economicus" view of humans solely motivated by maximizing monetary gain.
