Wednesday, November 23, 2011

Deceit and Self-Deception

"Deceit and Self-Deception is a remarkable book, thick with ideas, yet relaxed and conversational in tone . . . The book is vast in scope, covering every aspect of our lives from sex to religion, family to war. But Trivers reserves particular ire for the failings of economic theory: it “acts like a science and quacks like one” he writes, but it is not one. Its key ideas are naive and circular: it assumes we make our choices as rational utility maximisers, for example. And what is utility? It is whatever we, in fact, choose. There is no room in such a theory for me to plan to buy a salad, then persuade myself when faced with the cheeseburger that it is the superior option (“just this once”) only to regret it later. “Yet,” he rages, “such is the detachment of this ‘science’ from reality that these contradictions arouse notice only when the entire world is hurtling into an economic depression based on corporate greed wedded to false economic theory.”

Read more:      Deceit and Self-Deception     Steven Cave