Not at all. I wasn't trying to suggest any fixes.
I was just rhetorically questioning the validity of our economic theory without including the "laws" of human behavior and the factors that influence it.
Culture and the economy are in a constant feedback loop and we should look at both components when building our theories.
There is this fallacy that companies offer customers what they want, when in fact companies do everything possible to suggest to people what they want or need by using all kinds of mind manipulation techniques.
And the theory doesn't address this at all.
I don't know about regulation of culture - that never works as expected, but some activism is always welcome. Facebook or Google could potentially alter the whole global economy and ecology, just by carrying certain messages on their websites or apps.
Like "plant trees and recycle" ! Or .. "be generous, help the needy" or something like that.
Thanks, that makes a lot more sense then. Culture informs economy and vice versa, and it makes sense to study that. It just worries me when it looks like someone is advocating the elevation of economy over culture, especially when potential regulation is on the table.
Culture and the economy are in a constant feedback loop and we should look at both components when building our theories.
There is this fallacy that companies offer customers what they want, when in fact companies do everything possible to suggest to people what they want or need by using all kinds of mind manipulation techniques. And the theory doesn't address this at all.
I don't know about regulation of culture - that never works as expected, but some activism is always welcome. Facebook or Google could potentially alter the whole global economy and ecology, just by carrying certain messages on their websites or apps.
Like "plant trees and recycle" ! Or .. "be generous, help the needy" or something like that.