Why 'real' commerce is more than just a simple transaction
In short: Most of us view economics as a series of simple exchanges, but what if the true engine of society is something far more complex? This lecture explores the hidden social and political layers that drive our world.
Professor Michael Mainelli and Ian Harris argue that we must look beyond 'transactional' commerce to understand 'real' commerce. This involves the intricate ways people, organizations, and societies communicate and interact with one another over time.
The presentation introduces their book, 'The Price of Fish,' which offers a new approach to 'wicked economics.' It suggests that these complex interactions are what actually shape our politics, economy, and future, providing a framework for making better decisions by understanding how the world really works.
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Sources
- Summary by Intellect · source: The Price of Fish: Making sense of the way the world really works
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