Free Market Madness: Why Human Nature Is at Odds with Economics–and Why it Matters
What’s wrong with free market theory? It doesn’t take into account our human nature.
We humans aren’t entirely rational creatures. We decide to roll over and hit the snooze button instead of going to the gym, and then we fret over our health insurance payments. We take out home loans we can’t possibly afford. We live hours away from our jobs when free time is clearly our most valued asset. All too often our subconscious causes us to act against our own self-interest.
Yet our free-market economy is based largely on the assumption that we do act in our own self-interest. In this book, I argue that the combination of human nature and free markets can be downright dangerous for our health and well-being. That government must step in and further regulate the markets that reward those who exploit our weaknesses. And, in the end, that good policy must take human nature into account-our rational and irrational sides, our strengths and our weaknesses.
I try to entertain readers, with vivid examples of human foibles, at the same time that I reveal the forces that influence our decisions. With this knowledge in hand, we can all begin to stop the damage we do to our bodies, our finances, and our economy as a whole.
To read more about this book, CLICK HERE!