Summary: In Episode 18, Demetri Kofinas speaks with economist Samuel Bowles about behavioral psychology, moral philosophy, and the history of economic thought. The two cover the works of Adam Smith, F.A. Hayek, John Nash, and Milton Friedman, in search of the origins of homo economicus. What has come of rational expectations and utility maximization? What types of systems can we design that are better suited towards the citizens of Aristotle’s legislator than to the aberrations of modern economic man?
