The Market Mind Hypothesis Schotanus Patrick
The Market Mind Hypothesis Schotanus Patrick What is economics' missing link? Worryingly, they gravely risked a collapse of the financial system. Recent economic crises have had a devastating impact…
Specifikacia The Market Mind Hypothesis Schotanus Patrick
The Market Mind Hypothesis Schotanus Patrick
What is economics' missing link? Worryingly, they gravely risked a collapse of the financial system. Recent economic crises have had a devastating impact on society.
Crucially, economics is not an innocent bystander but central to the problem.In this pioneering book, Patrick Schotanus explains that economics' mechanical worldview is the ontological error which leads to flawed thinking and faulty practices. These crises also painfully revealed economics' blind spots. The Market Mind Hypothesis (MMH) thus calls it "mechanical economics" it not only erroneously views but also dangerously treats the economy as a machine, the market as an automaton, and its agents as robots.
Inspired by heterodox economic and leading cognitive thinkers, this book offers an alternative paradigm. Central to MMH's psychophysical worldview is the fact that consumers, investors, and other