decisions - Dangerous Intersection

The Great Power of Defaults

Post author:Erich Vieth
Post published:December 30, 2007
Post category:American Culture Psychology Cognition
Post comments:13 Comments

In an article entitled "When Words Decide," Barry Schwartz (writing in the August/September 2007 edition of Scientific American Mind [not available online]) gives some good examples demonstrating the great power of default choices. These examples add more fuel for a long burning fire-that people are not the rational careful-thinking beings…

We need to hunt down and kill Adam Smith’s Invisible Hand.

Post author:Erich Vieth
Post published:September 27, 2007
Post category:American Culture Economy Good and Evil
Post comments:12 Comments

Why fear the Invisible Hand? Because the invisible hand is evil. As construed by those conservatives currently in power, it is the economic equivalent of the Devil. This conclusion is going to come as a shock to many conservatives, because they give homage to the invisible hand as though it…

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