Monthly Archives: July 2016

Evolution and Economics Ma Non Troppo.

But as Hayek argued (especially in The Fatal Conceit ), not all evolved human instincts fit ideally with life in this brand-spanking-new global, commercial society of ours (what Hayek called “the extended order” – as in an order of human relationships that extends well beyond the small groups in which the vast majority of our ancestors lived). Tribalism is always at work, threatening to shred the sinews of the modern economy that has as a centerpiece an immense division of labor that spans the globe and involves the creativity and efforts of literally billions of people, nearly all of whom are complete strangers to each other. (Note the root word in “strangers.” We are evolved to be suspicious of that which is strange.)
Continue reading Evolution and Economics Ma Non Troppo.