Michael Shermer - Evolutionary Economics (part 2)

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Uploaded by on Jun 8, 2007

Lecture by Michael Shermer at "The Amazing Meeting 5" on how the "invisible hand" of the market is to economics as natural selection is to evolution... or rather how they're actually the same (part 2).

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Uploader Comments (ThinkSkeptic)

  • If this lecture's caught your interest, please visit the James Randi Educational Foundation website (randi DOT org), where you can find the whole set of 'The Amazing Meeting 5' presentations (6 DVD's), previous conferences and related material.

    You can also join the Skeptic Society, and support Michael Shermer's work, by subscribing to Skeptic magazine at skeptic DOT com.

Top Comments

  • Michael Shermer is an amazing person!

  • Neither has economists.

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All Comments (14)

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  • A myriad of statistics flickering by on PowerPoint slides. Does he really think anyone can read all that and still pay attention to what he's saying?

  • a very busy video of bundled pond-rabels. seems time is of no consequence. and yes evolution is intrensic and money "the idea" has always evolved... its eclectric today... so what?

    b more specific... please... and

    what is the point, because you offer no codex.

  • Very true!

  • It'a a bit too close to social darwisnism for me

  • In order to manage you must determine a cost for pollution and then charge polluters. I am not talking about planning the markets in detail or centralized planning. There is the need for regulation to prevent manipulation and externalization. The problem with CAS is when certain powerful agents can act in their own interest they can overwhelm it.

  • (cont)

    If you stop the calculation of the price on something after production and do not include the cost of disposal and/or recycling there will never be a selctive force to sort out bad product or change them.

    We can manage the Planet without planing the markets in detail!

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