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Shermer and Cowen discuss: the meaning of “on the margin” and “marginal utility” • trade wars and tariffs • Is Trump a savvy economist? • why capitalism is a moral system as well as an economic system • income inequality • universal basic income • regulating financial markets • immigration • libertarian paternalism • social media • governmental regulation • Jordan Peterson • governing mars and more…
In this week’s eSkeptic, Dr Harriet Hall, MD, (aka the Skepdoc) reviews Render Unto Darwin: Philosophical Aspects of the Christian Right’s Crusade against Science, by James H. Fetzer.
In this unusual tag-team lecture, Zak and Shermer debunk two myths: (1) Homo economicus: that “economic man” is rational, free and selfish and (2) that evolution and economics are based almost entirely on cutthroat competition and self-maximizing greed. In Zak’s Moral Markets and Shermer’s The Mind of the Market, the authors demonstrate that people are as irrational with money as they are in all other aspects of life…