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Blog post with transcript: https://www.preposterousuniverse.com/podcast/2023/08/21/247-samuel-bowles-on-economics-cooperation-and-inequality/Economics, much like thermodynamics, is a story of collective behavior arising from the interactions of many individual constituents. The big difference is that in economics, the constituents are themselves complicated human beings with their own goals and limitations. We can still make progress by positing some simple but plausible axioms governing human behavior, and proving theorems about what those axioms imply, such as the famous supply-and-demand curves. The trick is picking the right axioms that actually do apply to any given situation. Samuel Bowles is a highly regarded economist who has helped understand the emergence of political hierarchy and economic inequality, often drawing on wide-ranging ideas from game theory and evolutionary biology. We talk about how people evolved to cooperate, and why nevertheless inequality seems to be ubiquitous.Support Mindscape on Patreon.Samuel Bowles received a Ph.D. in economics from Harvard University. He has taught at Harvard University, the University of Massachusetts at Amherst, and the University of Siena, and he is currently Director of the Behavioral Sciences Program at the Santa Fe Institute. He has been awarded a Guggenheim Fellowship and the Leontief Prize, and is a fellow of the American Academy of Arts and Sciences. He is one of the developers of the CORE Econ project.Web pageGoogle Scholar publicationsWikipediaAmazon author pageSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Featured Interview: Moral economy and COVID-19 -코로나19와 도덕경제 Guest: Samuel Bowles, Author of , Research Professor and Director of the Behavioral Sciences Program, Santa Fe Institute
It is widely held today on grounds of prudence — if not realism — that in designing public policy and legal systems, we should assume that people are entirely self-interested and amoral. But it is anything but prudent to let Homo economicus be the behavioral assumption that underpins public policy. Samuel Bowles, a research professor and director of the Behavioral Sciences Program at the Santa Fe Institute in Santa Fe, New Mexico, explains why this is so, using evidence from behavioral experiments mechanism design and other sources, and proposes an alternative paradigm for policy making.Sponsored by UC Berkeley's Graduate Division, Bowles gave this lecture on Feb. 25, 2019, as part of the Barbara Weinstock Lectures on the Morals of Trade.(Santa Fe Institute photo)Read a transcript on Berkeley News. See acast.com/privacy for privacy and opt-out information.
Homo economicus is the figurative human being used in economic modeling. But the term defines human nature as perfectly rational, perfectly logical, and always self-interested. Does that sound like any real humans you know? Nope, we didn’t think so either. So we invited Professor Samuel Bowles to join Nick and Goldy in throwing a funeral for homo economicus, and all the flawed economic thinking that he’s inspired over the years. Samuel Bowles is a Research Professor at the Santa Fe Institute where he heads the Behavioral Sciences Program. His work on cultural evolution have challenged the conventional economic assumption that people are motivated entirely by self-interest. His most recent books are ‘The Moral Economy: Why good laws are no substitute for good citizens’ and ‘A Cooperative Species: Human reciprocity and its revolution’. ‘Spock goes shopping’ was based on a thought experiment in Eric Beinhocker’s book ‘The Origin of Wealth’: https://www.indiebound.org/book/9781422121030 https://democracyjournal.org/arguments/homo-economicus-must-die/ https://www.core-econ.org/ https://yalebooksblog.co.uk/2016/10/11/the-moral-economy-homo-economicus-becomes-human/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Conversations host Harry Kreisler welcomes Samuel Bowles, Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute, for a discussion of his intellectual odyssey and his most recent book The Moral Economy. Topics covered include the influence of parents, his encounters with Nehru and Martin Luther King, and his education. He addresses the necessary changes in the agenda of economics as it grapples with the limits of incentives and the opportunities for bringing in a focus on community and altruism in order to confront global problems. He also offers advice to students entering the discipline of economics. Finally, he discusses his involvement in an online global effort to reform the economics curriculum through the creation of an online textbook, curriculum, and a community of economists from around the globe focusing on the economics of inequality, innovation, environmental sustainability and more. https://www.core-econ.org Series: "Conversations with History" [Business] [Show ID: 34594]
Conversations host Harry Kreisler welcomes Samuel Bowles, Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute, for a discussion of his intellectual odyssey and his most recent book The Moral Economy. Topics covered include the influence of parents, his encounters with Nehru and Martin Luther King, and his education. He addresses the necessary changes in the agenda of economics as it grapples with the limits of incentives and the opportunities for bringing in a focus on community and altruism in order to confront global problems. He also offers advice to students entering the discipline of economics. Finally, he discusses his involvement in an online global effort to reform the economics curriculum through the creation of an online textbook, curriculum, and a community of economists from around the globe focusing on the economics of inequality, innovation, environmental sustainability and more. https://www.core-econ.org Series: "Conversations with History" [Business] [Show ID: 34594]
Conversations host Harry Kreisler welcomes Samuel Bowles, Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute, for a discussion of his intellectual odyssey and his most recent book The Moral Economy. Topics covered include the influence of parents, his encounters with Nehru and Martin Luther King, and his education. He addresses the necessary changes in the agenda of economics as it grapples with the limits of incentives and the opportunities for bringing in a focus on community and altruism in order to confront global problems. He also offers advice to students entering the discipline of economics. Finally, he discusses his involvement in an online global effort to reform the economics curriculum through the creation of an online textbook, curriculum, and a community of economists from around the globe focusing on the economics of inequality, innovation, environmental sustainability and more. https://www.core-econ.org Series: "Conversations with History" [Business] [Show ID: 34594]
Conversations host Harry Kreisler welcomes Samuel Bowles, Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute, for a discussion of his intellectual odyssey and his most recent book The Moral Economy. Topics covered include the influence of parents, his encounters with Nehru and Martin Luther King, and his education. He addresses the necessary changes in the agenda of economics as it grapples with the limits of incentives and the opportunities for bringing in a focus on community and altruism in order to confront global problems. He also offers advice to students entering the discipline of economics. Finally, he discusses his involvement in an online global effort to reform the economics curriculum through the creation of an online textbook, curriculum, and a community of economists from around the globe focusing on the economics of inequality, innovation, environmental sustainability and more. https://www.core-econ.org Series: "Conversations with History" [Business] [Show ID: 34594]
Conversations host Harry Kreisler welcomes Samuel Bowles, Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute, for a discussion of his intellectual odyssey and his most recent book The Moral Economy. Topics covered include the influence of parents, his encounters with Nehru and Martin Luther King, and his education. He addresses the necessary changes in the agenda of economics as it grapples with the limits of incentives and the opportunities for bringing in a focus on community and altruism in order to confront global problems. He also offers advice to students entering the discipline of economics. Finally, he discusses his involvement in an online global effort to reform the economics curriculum through the creation of an online textbook, curriculum, and a community of economists from around the globe focusing on the economics of inequality, innovation, environmental sustainability and more. https://www.core-econ.org Series: "Conversations with History" [Business] [Show ID: 34594]
Conversations host Harry Kreisler welcomes Samuel Bowles, Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute, for a discussion of his intellectual odyssey and his most recent book The Moral Economy. Topics covered include the influence of parents, his encounters with Nehru and Martin Luther King, and his education. He addresses the necessary changes in the agenda of economics as it grapples with the limits of incentives and the opportunities for bringing in a focus on community and altruism in order to confront global problems. He also offers advice to students entering the discipline of economics. Finally, he discusses his involvement in an online global effort to reform the economics curriculum through the creation of an online textbook, curriculum, and a community of economists from around the globe focusing on the economics of inequality, innovation, environmental sustainability and more. https://www.core-econ.org Series: "Conversations with History" [Business] [Show ID: 34594]
In Episode 18 of Hidden Forces, host Demetri Kofinas speaks with Samuel Bowles, about economic man and the moral economy, exploring some of the latest insights from the field of behavioral economics with insights about how incentives and prices convey information and shape perceptions of value in the economy. Dr. Bowles is a Research Professor at the Santa Fe Institute, where he heads the Behavioral Sciences Program. His studies on cultural and genetic evolution have challenged the conventional economic assumptions of an economic man motivated entirely by self-interest. The author of nearly twenty books, Samuel Bowles has most recently written The Moral Economy: Why Good Incentives Are No Substitute for Good Citizensand A Cooperative Species: Human Reciprocity and Its Evolution. In today’s conversation, we follow the archeological record of economic man. We pursue the path towards rational expectations and utility maximization. We take the road from Aristotle, paying heed to his ethics, and to his conviction that the test of a good constitution, is a good citizenry. But, with the collapse of Rome and Europe’s descent into darkness emerge ideas of life as brutish and man, as wicked. Thomas Hobbes’ Leviathan and Niccolò Machiavelli's Prince, were written to appeal to the lowest, most unimpressive motives of man's animal nature. Later, political economists like Bernard Mandeville and Adam Smith would take this notion further. They sought to harness the industries of avarice, converting man's self-interest towards the public good. The invisible hand emerged, and with it, notions of separability. Homo Sapiens existed in one realm, and economic man in another. The beneficent, moral being on the one hand, and the selfish, utility maximizing agent on the other. Laws were built upon this framework. Ideas of the marketplace were developed. Incentives and regulations were crafted, in what economists call Mechanism Design. What have we learned in the years since that have challenged the foundations of these neoclassical assumptions? What has come of rational expectations and utility maximization? What are some of the insights of behavioral economists, moral philosophers, and evolutionary psychologists that task the fitness of economic man? What types of systems can we design that are better suited towards the citizens of Aristotle’s legislator than to the aberrations of modern economic man? Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod