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"The Mind of the Market" (video)
CHIASMOS: The University of Chicago International and Area Studies Multimedia Outreach Source [video]
English - January 15, 2008 00:00 - 1 hour - 75.1 MB VideoCourses Education News international studies area studies international politics foreign policy world affairs south asia latin america middle east east asia east europe Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: "China's Brave New World and Other Tales for Global Times" (video)
Author and psychologist Michael Shermer explains how evolution shaped the modern economy-and why people are so irrational about money. How did we make the leap from ancient hunter-gatherers to modern consumers and traders? Why do people get so emotional and irrational about bottom-line financial and business decisions? Is the capitalist marketplace a sort of Darwinian organism, evolved through natural selection as the fittest way to satisfy our needs?