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Cover of The Mind of the Market

The Mind of the Market

by Michael Shermer

Book Details

Publisher:Macmillan
Published:2007-12-26
Pages:322
Format:BOOK
Language:en
ISBN:9781429924436

Reading Info

About This Book

Bestselling author Michael Shermer explains how evolution shaped the modern economy—and why people are so irrational about money How did we make the leap from ancient hunter-gatherers to modern consumers and traders? Why do people get so emotional and irrational about bottom-line financial and business decisions? Is the capitalist marketplace a sort of Darwinian organism, evolved through natural selection as the fittest way to satisfy our needs? In this eye-opening exploration, author and psycho

Our Review

This compelling exploration of evolutionary economics examines how our ancient hunter-gatherer brains struggle to navigate modern financial systems, revealing why rational economic behavior often eludes us. Shermer masterfully connects evolutionary psychology with marketplace dynamics, showing how our deep-seated instincts for social exchange and risk assessment frequently clash with contemporary capitalism's complexities. The book provides a fascinating framework for understanding everything from investment decisions to consumer behavior through the lens of biological adaptation and cognitive biases that once served our ancestors well but now lead to predictable financial missteps.

What makes this work particularly valuable is its accessibility—Shermer translates complex concepts from behavioral economics and evolutionary theory into engaging narratives that resonate with anyone who's ever wondered why they make questionable purchases or emotional investments. Readers interested in psychology, anthropology, and the hidden forces shaping economic systems will find themselves reconsidering everyday financial choices through an entirely new perspective. The result is a thought-provoking examination that fundamentally changes how we understand the relationship between our evolved minds and the modern marketplace we've created.

Themes

Science

Subjects

Science