Tuesday, September 18, 2007

Alan Greenspan discovers that human beings are … irrational!

Creative sub-title for an online exclusive web article written by Daniel Gross for Newsweek, The Economics of Human Behavior contains some thought provoking material, including:

Greenspan seems to argue that since the case for capitalism is so overwhelmingly rational, the opposition to it must surely stem from very deep-seated, immutable characteristics. “And that carries me to the general conclusion that if you're going to model an economy, you have to do far better in understanding how the unit of the economy functions—i.e., the human being.”

1 comment:

-Sepp said...

Alan G is a genius who's talent isn't recognized enough.