Tag Archives | Thomas Sedlacek

The Rise & Fall Of Homo Economicus

Review: The Rise and Fall of Homo Economicus

The Rise and Fall of Homo Economicus: The Myth of the Rational Human and the Chaotic Reality by Yannis Papadogiannis deserves wide circulation for documenting the failed state of economics as science. Humans are a far cry from the rational creatures mainstream economics assumes. Economics as a science will never be as mathematically precise as Newtonian […]

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Economics of Good & Evil

Economics of Good and Evil: The Secret Foundations of a Science

Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Street, by Thomas Sedlacek, explores the path dependency of modern Western economics through mythology, religion and fables. I wish the book had been published and influential forty-five years ago when I was a freshman economics major. When I was an undergraduate student […]

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