Michael Shermer - The Mind of The Market

Michael Shermer is the author of ten books, including the bestselling Why People Believe Weird Things and The Science of Good and Evil. An adjunct professor of economics at Claremont Graduate University, he is a columnist for Scientific American, the publisher of Skeptic magazine, and the founder and director of the international Skeptics Society. His latest book is The Mind of The Market: Compassionate Apes, Competitive Humans, and Other Tales From Evolutionary Economics. In this discussion with D.J. Grothe, Michael Shermer discusses The Mind of the Market, and the new field of neuroeconomics. He explores the implications of Darwinian evolution for how people fare in market capitalism, including how we are naturally irrational when it comes to economics, due to our evolutionary heritage. He argues why market capitalism and liberal democracy are best suited to people's needs, and discusses socialized medicine and other aspects of social welfare programs, contrasting the economy of the United States with those of northern Europe. He examines how free trade may lead to world peace. He also addresses the growing political and economic diversity when it comes to the skeptical and humanist movements.