- Paperback: 336 pages
- Publisher: Holt Paperbacks; First edition (January 6, 2009)
- Language: English
- ISBN-10: 0805089160
- ISBN-13: 978-0805089165
- Product Dimensions: 5 x 0.8 x 8 inches
- Shipping Weight: 1 pounds (View shipping rates and policies)
- Average Customer Review: 50 customer reviews
- Amazon Best Sellers Rank: #689,200 in Books (See Top 100 in Books)
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The Mind of the Market: How Biology and Psychology Shape Our Economic Lives First Edition
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“[A] captivating raconteur of all the greatest hits of behavioral, evolutionary and neuropsychology, [and] provider of wonderful cocktail party material... Fascinating.” ―Los Angeles Times Book Review
“The book has no end of conversation starters, from capitalism as modern Darwinism to neuroeconomics that show that--biochemically, at least--a human brain is shockingly similar during smooth business deals and sex.” ―Boston Globe
“Have you ever wondered how people develop trust and live together peacefully? Michael Shermer's new book uses psychology and evolution to examine the root of these human achievements… [He] has earned the right to our attention.” ―Washington Post
“Drawing from research, and injecting his own wit, Shermer explains why people make bad decisions about money, why wealth can't buy you happiness, and why we love cooperating.” ―Psychology Today
“Compelling… Take[s] us on an intimate tour of the best of the last half-century's work in behavioral economics and neuroscience.” ―New York Post
“Entertaining… a fascinating tour d'horizon of discoveries in several of today's cutting-edge sciences.” ―The Globe and Mail (Toronto)
“Well-written [and] highly entertaining…. Replete with thought-provoking examples and solid references, the book will start as many debates as it will end.” ―Choice
“[The Mind of the Market] provides a thorough account of what's going on in a branch of psychology dedicated to understanding the natural origins of economic decisions.” ―Science News
“Pure entertainment… Some of the most interesting economic research being undertaken these days draws on the disciplines of cognitive science and psychology, and [The Mind of the Market is a] highly readable contribution.” ―The Business Economist
“Eye-opening … [The Mind of the Market] recounts truly fascinating experiments and discoveries regarding physiological components of our market decisions…. Filled with fun analogies and a smattering of funny lines.” ―Humanist
“Thoughtful and complete…You're certain to learn something new when you read it.” ―WestWord
“[Shermer] does a bang-up job knitting together the complexities of science and the frail psychology of human beings to explain the unpredictable postmodern world of trade and finance…. An informative, inventive, broad-spectrum analysis of what makes modern man tick, starting with his wallet.” ―Kirkus Reviews
“Using fascinating examples… Shermer explores the evolutionary roots of our sense of fairness and justice, and shows how this rationale extends to the market…. Offers much insight into human behavior and rationales regarding money.” ―Publishers Weekly
“The Ripley's Believe It or Not of behavioral economics, or why people act the way they do in a capitalistic marketplace…. Shermer applies his wide-ranging knowledge of science and its rigorous investigatory discipline to uncover the answers and make connections between trade and emotion--in essence, popularizing neuron-economics.” ―Booklist
“Extremely interesting… Shermer is a fantastic presenter.” ―Steven D. Levitt, The New York Times Freakonomics Blog
“Michael Shermer brilliantly shows that the real experts of Homo economicus are often found in psychology, biology, even primatology.” ―Frans de Waal, author of Our Inner Ape
“Written with his customary verve and flair, The Mind of the Market is Michael Shermer at his best.” ―Dinesh D'Souza, author of What's So Great About America
“Economists who understand Charles Darwin are almost as rare as biologists who understand Adam Smith. Yet the two were essentially saying the same thing--that order emerges unordained from competition and innovation. Michael Shermer brilliantly brings the two insights together to explain how the human mind creates the human market.” ―Matt Ridley, author of The Origins of Virtue
About the Author
Michael Shermer is the author of The Believing Brain, Why People Believe Weird Things, The Science of Good and Evil, The Mind Of The Market, Why Darwin Matters, Science Friction, How We Believe and other books on the evolution of human beliefs and behavior. He is the founding publisher of Skeptic magazine, the editor of Skeptic.com, a monthly columnist for Scientific American, and an adjunct professor at Claremont Graduate University. He lives in Southern California.
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Evolutionary economics, complexity economics, behavioral economics, neuroeconomics, and virtue economics.
Wonderful exploration of the latest science and history in all these areas.
"The best politico-economic system to date is a liberal democracy and free market capitalism, or democratic-capitalism. In a system of democratic-capitalism, social liberalism and fiscal conservatism is a synergistic marriage that leads to the greatest prosperity, the greatest liberty, and the greatest happiness for the greatest number."
Free markets, as much as they are possible, with minimal top-down regulation or hindrance, should be the dominant and guiding principal in creating a flourishing society.
This is a book about the science of why and how human brains function the way they do regarding morals and economics, exploring the evolutionary pathways, both biological and social, that led to human brains and human society.
It is about the many "built-in" cognitive biases and "flaws" of human brain function, fleshed out with the latest neuroscience, etc..., and how these biases and evolved brain functions affect our morals and economic thought, often irrationally.
It is about the history and psychology of the many philosophies regarding morals and economics.
It's not so much a political book, as it is a science book about the evolution of human brains, human society and its norms.
Most people are aware of the selfish component of self-interest, but recognition of the selfless component is fairly recent. In The Mind of the Market: How Biology and Psychology Shape Our Economic Lives, Michael Shermer expands Adam Smith's treatment of the latter, drawing on the disciplines of evolutionary psychology, sociology, biology, and economics. He stresses humankind's evolved capacity to cooperate as well as compete in efforts to obtain what is wanted. Accounting for both components of self-interest behavior is necessary when explaining the economic behavior of people in both private and public sector markets. The book is well-written and easily understood, much like Shermer's other publications, including his popular column in Scientific American. (This review is also published on frankzahn(dot)com.)
He explores the limits and nature of human consciousness and awareness and, as he is wont to do, bites most everyone's dog. So it helps to limber up and step back as you enter this book. And enjoy his splendid investigation of why and how we behave. The Mind of the Market: How Biology and Psychology Shape Our Economic Lives