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Distilling Economic Literature

Tag: Psychology

Why We Bite the Invisible Hand

The Subconscious Source of Morality Is Driving the Culture Wars

Dr. Ellen Clardy, September 8, 2023August 8, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 11 “The Darwin Wars” In the second half of the chapter, Foster turns to the origin of morality and posits it is not a recent innovation but something that is central to mankind. In the…

Why We Bite the Invisible Hand

Sociobiology’s Unity Blinded Its Progress

Dr. Ellen Clardy, September 1, 2023August 8, 2025

Part 1 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 11 “The Darwin Wars” Foster turns this chapter to an examination of the field of sociobiology, where evolutionary biology meets psychology, hoping to find answers to why we carry anti-capitalist views instinctively. Seeking the source…

Why We Bite the Invisible Hand

The Need to Unlearn What We “Know” about Economics

Dr. Ellen Clardy, July 14, 2023August 8, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 8 “Do-It-Yourself Economics” Foster continues in this chapter exploring some of the apparently inborn assumptions we apply to the economy that lead to incorrect conclusions. Much like the do-it-yourself-economics (DIYE) brought up in the previous…

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