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Upstream

Documentary #9: Debunking the Myth of Homo Economicus

Jan 14, 2021
56:37
Snipd AI
The podcast discusses the concept of Homo economicus and challenges the assumption of humans being solely self-interested. It explores the altruistic nature of humans and the need to rethink economic models. The chapter also emphasizes the importance of embracing our true human nature and reintegrating politics into economic discussions.
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Podcast summary created with Snipd AI

Quick takeaways

  • The prevailing notion of Homo Economicus, which portrays humans as inherently selfish and self-interested beings, is deeply rooted in mainstream economics and perpetuated by institutions, politics, and media, leading to negative consequences such as extreme wealth inequality and environmental degradation.
  • There is a need to shift towards an economic framework that validates and celebrates intrinsic values, such as concern for community, equality, and social justice, promoting reciprocity, trust, and humane ways of organizing our economic affairs, and challenging the prevailing economic paradigm that prioritizes self-interest and competition.

Deep dives

The Myth of Homo Economicus

The podcast challenges the prevailing notion of Homo Economicus, which portrays humans as inherently selfish and self-interested beings. It explores how this idea is deeply rooted in mainstream economics and perpetuated by institutions, politics, and media. The podcast presents scientific research that shows humans are actually altruistic, cooperative, and concerned with the common good. It discusses the negative consequences of the Homo Economicus ideology, such as extreme wealth inequality and environmental degradation. The episode calls for a rethinking of economics and the adoption of alternative economic systems that align better with our true human nature.

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