Beyond Homo Economicus by Tania Singer - Project Syndicate

Beyond Homo Economicus by Tania Singer - Project Syndicate: LEIPZIG – Humanity currently faces numerous global challenges, including climate change, resource depletion, financial crisis, deficient education, widespread poverty, and food insecurity. But, despite the devastating consequences implied by a failure to address these issues, we have not risen to the occasion.

It's the Economy, Dummkopf! | Business | Vanity Fair

It's the Economy, Dummkopf! | Business | Vanity Fair: "With Greece and Ireland in economic shreds, while Portugal, Spain, and perhaps even Italy head south, only one nation can save Europe from financial Armageddon: a highly reluctant Germany. The ironies—like the fact that bankers from Düsseldorf were the ultimate patsies in Wall Street’s con game—pile up quickly as Michael Lewis investigates German attitudes toward money, excrement, and the country’s Nazi past, all of which help explain its peculiar new status."

Sacred Economics: Money, Gift, and Society in the Age of Transition by Charles Eisenstein - Powell's Books

Sacred Economics: Money, Gift, and Society in the Age of Transition by Charles Eisenstein - Powell's Books: "Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth. Today, these trends have reached their extreme—but in the wake of their collapse, we may find great opportunity to transition to a more connected, ecological, and sustainable way of being."

We need an ‘Evil Plan’ to foil our own leaders Paul B. Farrell - MarketWatch

We need an ‘Evil Plan’ to foil our own leaders Paul B. Farrell - MarketWatch: "While reading Hugh MacLeod’s best-seller “Evil Plans: Having Fun on the Road to World Domination” over Memorial Day I ran across a Newsweek feature, “Mad As Hell,” an ominous warning screaming: “The anger that fueled the Arab Spring is now boiling over in Europe. Could club-wielding protesters be in America’s future too?”"

The Evolution of Uncooperativeness - Brainstorm - The Chronicle of Higher Education

The Evolution of Uncooperativeness - Brainstorm - The Chronicle of Higher Education: "The uproar about FSU’s twisted bargains with an ideologically-minded foundation and a bank holding company, resulting in professors hired to suit the foundation and a course that requires the reading of Atlas Shrugged (who could make this stuff up?), revolves around the question of who decides the curriculum. But regardless of which precise lines were crossed in this case, there’s a deeper question about the university’s curricular commitment, namely: What does economics teach?"

Boston Review — Rachel Glennerster and Michael Kremer: Small Changes, Big Results For The World's Poor

Boston Review — Rachel Glennerster and Michael Kremer: Small Changes, Big Results For The World's Poor: "According to a standard economic model, a fourteen-year-old girl in Kenya will go to school if doing so will enable her to earn more than she spent on her education. A family will buy dilute-chlorine solution, measure out capfuls to treat their water, and wait for the chlorine to disinfect their water if the health benefits exceed the cost of the chlorine."

Embracing Morals in Economics: The Role of Internal Moral Constraints in a Market Economy — Mises Economics Blog

Embracing Morals in Economics: The Role of Internal Moral Constraints in a Market Economy — Mises Economics Blog: "What does it take to bring about a well-functioning market? Almost all economists agree that people should engage in cooperative exchange rather than predation, theft, or fraud, but how to ensure this is a matter of debate. Many neoclassical economists follow Thomas Hobbes and focus on changing legal arrangements to solve prisoners’ dilemma situations (Barzel, 2002, Hirshleifer, 2001; Tullock, 1972)."

Women and Equality — Gender-Based Analysis, Law, and Economic Rights, October 22-23, 2010 |Feminist Law Professors

Women and Equality — Gender-Based Analysis, Law, and Economic Rights, October 22-23, 2010 |Feminist Law Professors: "Long before the 2008 global economic crisis occurred, women in large economies began to see the promise of equality eroding. ‘Economic crisis’ policies have done nothing to reverse that trend. For example, a decade ago, the US and Canada were ranked 3rd and 1st on the UN gender-related development index; by 2009, they had already fallen to 19th and 4th, respectively, and are ranked much lower on newer equality-specific indexes. Similar patterns can be seen in the UK and many European countries."

Casualties of the Crisis: Stress, Sexism and Layoffs Thin the Ranks of Women on Wall Street

http://www.fins.com/Finance/Articles/SB128317950058932491/Casualties-of-the-Crisis-Stress-Sexism-and-Layoffs-Thin-the-Ranks-of-Women-on-Wall-Street?Type=0&idx=1

Modernising Henry George | the new economics foundation

Modernising Henry George | the new economics foundation: "Economists have traditionally considered nature to be infinite relative to the economy, and therefore not scarce, and therefore properly priced at zero. But the biosphere is now scarce, and becoming more so every day as a result of growth of its large and dependent subsystem, the macro-economy. As the macro-economy expands into the ecosystem it displaces what was there before, namely habitat of other species (and of indigenous and poor members of our own species)."

THE PSYCHOLOGY OF HUMAN MISJUDGMENT by Charles Munger

http://vinvesting.com/docs/munger/human_misjudgement.html

this is a superpower in error-causing psychological tendency: bias from consistency and commitment tendency, including the tendency to avoid or promptly resolve cognitive dissonance. Includes the self-confirmation tendency of all conclusions, particularly expressed conclusions, and with a special persistence for conclusions that are hard-won.

Well what I'm saying here is that the human mind is a lot like the human egg, and the human egg has a shut-off device. When o ne sperm gets in, it shuts down so the next o ne can't get in. The human mind has a big tendency of the same sort. And here again, it doesn't just catch ordinary mortals; it catches the deans of physics. According to Max Planck, the really innovative, important new physics was never really accepted by the old guard. Instead a new guard came along that was less brain-blocked by its previous conclusions. And if Max Planck's crowd had this consistency and commitment tendency that kept their old inclusions intact in spite of disconfirming evidence, you can imagine what the crowd that you and I are part of behaves like.

Behavioral economics - Wikipedia, the free encyclopedia

Behavioral economics - Wikipedia, the free encyclopedia