Cognitive Economics, Consciousness, Extended Minds - Patrick Schotanus (EP 56)

Patrick Schotanus is an academic developing his Market Mind Hypothesis, a theory that uses cognitive science and philosophy to understand the market as a form of collective consciousness. We often hear the term "the mind of the market" to describe the wild emotions, fears, and animal spirits driving market behavior. Is this just a metaphor? Or is there a deeper truth in understanding economics as a kind of mind? Expect to learn about consciousness in the economy, how cognitive science can be applied to economics, the importance of creativity and discovery in economics, the nature of consciousness in collective entities, and more... Timestamps: 00:00 The Market Mind Hypothesis 06:19 The Role of Consciousness in Economics 12:38 Mind-Body Problem in Economics 17:37 Why We Must Have Economics Education From a Young Age 20:52 What Does the Market Being Conscious Mean? 28:12 The Market as a Distributed Cognitive System 33:36 The Influence of Money on Perception and Values 40:06 The Importance of Free Markets and Transparency 42:23 Does the Economy Change Who We Are? 52:03 The Future of the Market Mind Hypothesis Patrick and the Market-Mind Hypothesis: -Youtube: @marketmindhypothesis7363 -Website: marketmind.org