March 23, 2004

Myth and market forces

It is interesting the way myth still grips so strongly in modernity shaped by Enlightenment rationality. Myth is not some wild exuberance of a fervid imagination. It is integrated into economic rationality.

An example?
The belief, nay the faith, in the markets being self-correcting and tending towards equilibrium.

Posted by Gary Sauer-Thompson at March 23, 2004 06:03 PM | TrackBack
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