Devpolicy Blog from the Development Policy Centre
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I Greed ed i Dead ad Paul Collier er an John Kay ay (C&K) argue that the world has become more selfish.
They take aim at assumptions in neoclassical economic theory that individuals are perfectly rational, consistent, and self-interested.
This characterisation of a person is sometimes called Homo Economicus and tends to be built into the theoretical models economists use to understand the world.
But C&K argue this characterisation promotes the idea that humans are greedy, robotic, and amoral sociopaths.
Overall, Greed is Dead is a unique book in that it combines philosophy with economics and social commentary. C&K accurately identify many of the developed world’s most acute problems from political polarisation to inequality. They also introduce the reader to the ideas of many interesti the last few decades nkers which have only become more relevant. But when it comes to how we got here, their argumen French mes m American convincing. Instead of seeing Homo Economicus as the antithesis of a world that values community, C&K should instead see it as part of the solution.. Homo Economicus Dead Greed Homo Economicus Homo Economicus H second onomicus Homo Economicus C&K zero Homo Economicus Text__NxlGi">Homo Economicus Dead Greed James Kwak Homo Economicus Cass Sunstein Richard Thaler the last couple decades Daniel Kahneman Slow
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81
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36
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