Category archives: Humanities & Social Sciences

Use markets to feed the poor

Use markets to feed the poor

Economics

By José Luis Ferreira

Competitive markets are a well understood economic mechanism. The Economic Theory explains remarkably well, at least for a social science, its properties and success along economic history. We have lab experimentation (see here), and plenty of historical evidence that a market oriented society improves upon a non-market oriented one. It has happened in democracies like […]

Selfishness in Economics

Selfishness in Economics

Economics

By José Luis Ferreira

Very often Economics is censured for using unrealistic assumptions, like that stating that people are selfish. According to some critics (e.g., the philosopher Mario Bunge, 2010 ), this fact is enough to show the invalidity of Economic models. After all, if we start with a falsehood, how can we hope to find useful theories? The […]