Neuroeconomist Paul J. Zak on Markets and the "Molecule of Love"

[serolog2]

Dr. Zak's research has very dangerous implications smh

[mesmeriffic]

Zak states we need mechanisms in a modern economy to punish and protect against these non reciprocating individuals. This is regulation. The Walmart clerk and woman at the laundry are regulated from stealing your money through law. Oversight in the form of the Better Business Bureau and Securities and Exchange Commission is also in place to catch these non reciprocating individuals.

A purely free market lacks these mechanisms.

[Pronesniper]

@mesmeriffic No, a Free Market can contain a mechanism for punishing non-reciprocating individuals. There just aren't many around right now because governments have monopolized punishing people.

Take Ebay for instance, if a seller does an unsatisfactory job (or just steals your money) then they can be given a bad review. If a seller gets enough of those, then they will be put out of business.

[CernelJoson]

@mesmeriffic Having a monopoly imposing regulations sidesteps his whole point about evolutionary environments. No one knows in advance what the correct rules are for all people, which is why leaving the production of rules to the market would allow for consumer sovereignty and the evolutionary process. Government regulations and central planning are to economics what creationism is to biology.

[Esoparagon]

How can I become a neuroeconomist?

[Wormtail81]

Is it possible to /really/ link these substances conclusively to different behaviors and impulses in such a specific way?

[marianiiina]

that... stare

[XCritonX]

Non reciprocal takers: don't call them bastards, call them politicians.

And you wounder have the bastards got in charge!

[chuckarama451]

What the... This is a real field of study and research? Very interesting stuff. You botched the spelling of 'economist' in the title, btw.

[DominationCorp]

if you thought this was interesting YOU OWE IT TO YOURSELF to watch a BBC program called The "Trap: What Happened to Our Dream of Freedom". its available on google video and you tube.

[TheJoester1992]

Good job Reason TV.

[fomastephanovitch]

I like this, his views vindicate John Locke whose vies need spreading around the world.

We already know, but hearing it is therapeutic.

[grraadd]

It's great that you are sharing the knowledge :-)

Keep up good work!

[TrueEmergence]

This is a very brilliant study, I'm happy reason TV approached it.

[theaaroneason]

I'm wondering if Zak has done any studies on autism. Seems like his findings on oxytocin would blow it out of the water, eh?