"The Mind of the Market" (video)

An episode of the CHIASMOS: The University of Chicago International and Area Studies Multimedia Outreach Source [video] podcast, hosted by The Center for International Studies at the University of Chicago, titled ""The Mind of the Market" (video)" was published on January 15, 2008 and runs 66 minutes.

January 15, 2008 ·66m · CHIASMOS: The University of Chicago International and Area Studies Multimedia Outreach Source [video]

Summary

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?

Episode Description

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?