Blog
The Mind of the Market
8th March 2009
The causes of financial and economic crisis and distress are complex and multi-layered. There will be much written about it in the months and years to come and I suspect many of the best new writing will focus on neurological explanations for the behaviour of agents.
A couple of my students have been reading Michael Shemer’s new book “The Mind of the Market” who comes up with an interesting hypothesis that, just like humans, the market has a collective mind that drives it - just like the human mind the mind of the market has evolved over time as it is a manifestation of a collective will. There is a good piece here.
Shermer appeared on the excellent Authors at Google - and his talk can be found here
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.