http://www.nytimes.com/2011/10/21/opinion/brooks-who-you-are.html
for original article by David Brooks.
Very interesting stuff -- just another indication how much economics (also a social science) is stuck in an old rut by continuing to pursue a \"theory\" of economic behavior which assumes all (economic) decisions are rational and \"advantage-maximizing\"..
These completely false basic assumptions are leading our economic and political decision makers to make bad decisions, which are in the process of making the US an economic and political basket case.
European versions of free-market, with much more "social conscience" components, at least takes account of the fact that if you continue to believe in the fictitious rational consumer, and the supposed self-stabilization and resource optimization, it will only serve to concentrate wealth and political power in the hands a few, the most ruthless among us... It is indeed the 99% versus the 1%..
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