Chapter
Outdated Concepts in the Free Market and Environment
30:39 - 37:42 (07:03)
The traditional response in economics towards exhausted resources and environmental consequences involved relying on the free market but failed to understand the concept of depletion, thus creating a flawed structure. This concept continues and never truly improved with new jobs being created in exchange for lost ones in isolated industries and communities.
Clips
The hosts talk about the emphasis on self-interest in philosophy and whether Arthur Conan Doyle is an overrated figure in literature.
30:39 - 31:29 (00:50)
Summary
The hosts talk about the emphasis on self-interest in philosophy and whether Arthur Conan Doyle is an overrated figure in literature.
ChapterOutdated Concepts in the Free Market and Environment
Episode7. Would Maddy, Meg and Jemma get into Oxford?
PodcastThe Psychology of your 20’s
The speaker makes a vague comment about the political leaning of a university and expresses a need for further research.
31:29 - 34:09 (02:39)
Summary
The speaker makes a vague comment about the political leaning of a university and expresses a need for further research.
ChapterOutdated Concepts in the Free Market and Environment
Episode7. Would Maddy, Meg and Jemma get into Oxford?
PodcastThe Psychology of your 20’s
The free market response to overconsumption and exhaustion of resources is an outdated concept that fails to understand the current state of our environment.
34:09 - 35:34 (01:25)
Summary
The free market response to overconsumption and exhaustion of resources is an outdated concept that fails to understand the current state of our environment. The rational economic man concept and models created 50 years ago still prevail in modern economics.
ChapterOutdated Concepts in the Free Market and Environment
Episode7. Would Maddy, Meg and Jemma get into Oxford?
PodcastThe Psychology of your 20’s
In isolated industries or communities, job loss can cause a division between left and right-wing economics.
35:34 - 37:42 (02:08)
Summary
In isolated industries or communities, job loss can cause a division between left and right-wing economics. Those on the left suggest government intervention with upskilling and reskilling, while those on the right argue new jobs will naturally arise elsewhere.