Mr Smith, XVIII century’s great grand-father of modern economics, devised the power of the market as the main driver (anyone for the “invisible hand”?). As in “A Beautiful Mind” we can hear: “every man for himself”, because the own interest will tend to get the main group’s interest. Following Mr …
I think long time ago I tried to explain you the relationship between economics and psychology (further than me, an economist, marrying a psychologist). I recall the main argument was the rationality premise attached to orthodox economics was assumed as wrong (who’s ever seen an homo oeconomicus?). As I said, …
This week I’ve watched again the biographical movie “A Beautiful Mind“, based on the biography by Sylvia Nasar ([]). I don’t know if you have watched as well, but in the movie, when he’s told he’s been awarded the Nobel (actually, The Bank of Sweden Prize in Economic Sciences in …