Documentary #9: Debunking the Myth of Homo Economicus
Upstream
Upstream
4.9 • 2.1K Ratings
🗓️ 14 January 2021
⏱️ 57 minutes
🧾️ Download transcript
Summary
What do you see when you peek behind the curtains of neoliberal capitalism? What happens when you lift the veil off? Well, you see a mythological character. An apparition that haunts our collective consciousness. A spectre that permeates our institutions and that has epistemologically imprisoned us. Homo economicus. The term Homo economicus, or economic man, is a core principle in mainstream economic thinking. It's a portrayal of humans as being inherently rational, greedy, and self-interested. We first got interested in the idea of Homo economicus when we started noticing a consistent barrier that many people have with the possibility of imagining a more just, solidaritistic, and sustainable economic future, stems from their assumptions about human nature. Time after time, we've heard — "But, humans are naturally selfish, so any system based on trust, equity, and true democracy would never work." Where did the idea of Homo economicus come from? Why is it so embedded in mainstream economic thinking? And most importantly, is it true? Are we Homo economicus? Or are we the opposite — kind, compassionate, altruistic beings whose good nature has been thwarted by a mistaken view of our own humanity? Or is the truth somewhere in between? These are some of the questions we will be exploring in this episode, "Debunking the Myth of Homo economicus."
Featuring: Bayo Akomolafe — Philosopher, author, professor, and organizer currently based in India David Sloan Wilson — Evolutionary biologist and a Professor of Biological Sciences and Anthropology at Binghamton University in New York. George Monbiot — Journalist and author of "Out of the Wreckage: A New Politics for an Age of Crisis" Kate Raworth — Renegade economist and author of "Doughnut Economics" Matt Christman — Co-host of the Chapo Traphouse podcast Peter Fleming — Professor in organization theory and author of "The Death of Homo economicus" Tom Crompton — Co-director of the Common Cause Foundation Vas — Former economics student (Vas declined to provide her last name) Yuan Yang — Founder of Rethinking Economics Music by: Haley Heynderickx American Football Many thanks to Charlie Young for the cover art, as well as to Elle Bisgard Church, Lilly Datnow, and Emmanuel Brown for their research and support for this episode.
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Transcript
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| 0:00.0 | This episode of Upstream was made possible with support by the Gorilla Foundation, |
| 0:04.8 | supporting activists and grassroots movements to bring about major systemic change. |
| 0:10.4 | Additional support was provided by the Upstream Works Collaborative, |
| 0:14.3 | taking a systems approach to uplifting communities they also go upstream to address the root |
| 0:20.0 | causes of social, economic, and environmental injustices. Learn more at UpstreamWorks.org. |
| 0:30.0 | You are listening to Upstream. Upstream. Upstream. |
| 0:55.1 | A radio documentary series that invites you to unlearn everything you thought you knew |
| 1:00.4 | about economics. I'm Dela Duncan, and I'm Robert Raymond. Join us as we journey Upstream. |
| 1:07.3 | So the hearts about economic system and discover carinecht stories of game-changing solutions |
| 1:13.6 | based on connection, resilience, and prosperity for all. |
| 1:17.1 | Okay, I'm Voss. I go to a private school in the Bay Area, and right now we're outside of the |
| 1:28.3 | business school on campus about to go in. And what's the meaning of this business school to you? |
| 1:36.4 | A lot of libertarians walking in and out? Yeah, and my economics classes. |
| 1:44.1 | You were a major. That's it. Yeah, when I was a major, yes. I used to have my classes here. |
| 1:49.9 | Probably should have said that first. Well, let's go in. |
| 1:53.9 | As we entered, we couldn't help but notice that the newly constructed business school was by far |
| 2:00.0 | the flashiest building on campus. So I came into college as an economics student. |
| 2:07.4 | My name remained so for almost two years, but I think those two years worth of classes |
| 2:13.6 | were very alienating and frustrating, as that was also being exposed to community organizing |
| 2:20.8 | and very different ideas of structuring our economy. Well, in the classrooms, capitalism was |
| 2:28.3 | a given, which is very alienating. And again, frustrating my first economics class. My lecture was |
| 2:36.8 | great for what he was teaching. But I think there were like these little things happening in the |
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