Sunday 28 September 2014

The Looming Death of Homo Economicus by Dennis J. Snower - Project Syndicate

KIEL – The world seems to be on the verge of another "great transformation," with changes far more profound than news-grabbing economic or geopolitical headlines about Asia's economic rise or the fires in the Middle East. The coming changes will fundamentally redefine the nature of our economic interactions – and the social dynamics that underlie them.

This is a transformation on the scale of the shift, more than 8,000 years ago, from nomadic hunter-gatherer societies to settled agricultural ones, which eventually led to the rise of cities. A similar transformation occurred in Europe in the tenth century, with the emergence of guilds – associations of skilled workers who controlled the practice of their craft in a particular town – which paved the way for the Industrial Revolution.


Read more at http://www.project-syndicate.org/commentary/dennis-j--snower-insists-that-humans--economic-self-interest-cannot-be-separated-from-their-capacity-for-care



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