Prof. Herman Daly - on Homo Economicus

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Uploaded by on Nov 23, 2011

What really counts for our happiness and welfare?Professor Herman Daly on what's important for economic man.

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News & Politics

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  • Zero value and I'm happy to say that I will be the first to put a dislike. He is just stating the obvious and yes that is why there are different fields of study. What a wast of 1:29 and the time I took to type my comment.

  • Simply implying that these things are not connected does not make it less true. When studying one facet of day-to-day life, one has to come to the realization at some point that they are part of a whole. Short of this realization we become weakened by holding one thing as more important then the other. This becomes more pronounced when it is applied to MONEY!

  • Does agricultural inflation remain the cause of military expansion? Is market mobility impinged as the result of monocultural production? Is wartime inflammation the most painful symptom of the agriculture/infrastructur/ener­gy complex?

  • @magrathean0

    I agree with your points.

    But I think this guy is getting at a bigger problem that, in my studies as a business student, I too have noticed.

    Its the 'Economification' of human beings that we are seeing more of in social studies, and it has devastating potential for the future.

    Also, its worth noting that human behaviour is quickly becomming an integral part of Economics, and if we get the wrong understanding of the human element, future economic policy will inevitable be poor.

  • It may be interesting to note that certain goods an services bear more heavily on person's welfare in the long run then others; Eg. Sanitation and Healthcare.

  • Right on the money!

  • Economics is a simplification of reality designed to highlight certain things. Physics deals with a man's mass, temperature and frictional coefficient while economics only deals with what he supplies and demands. Neither physics nor economics deal directly with his problems with his wife - that would be a matter for a psychiatrist or psychologist.

  • SHADDUP Commie!!  Hahahha, J/k. I agree with this man.

  • Excellent, I always found theoclassical obsessions with consumer and producer surplus a little silly.

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