Ha-Joon Chang: beyond the self-interested individual

A short talk with Cambridge economist Ha-Joon Chang, who explains how mainstream economics tends to assume that individuals are entirely (and rationally) self-interested and why this is wrong and damaging to society. He illustrates how our broader motivations in the workplace and elsewhere are beneficial and should not be ignored in economic theory.

I think that modern behavioural economics has begun to address this, but it still begins with the idea of the individual, to the neglect of larger social structures and institutions, from class to society as a whole.

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