The Economic Context
The Economic Context
The eight chapter explores how social cognition functions in economic contexts, describing economical tendencies that are shared across species, and highlighting the difference between economic and social contexts. It then examines the 2007 global financial crisis as a case study about the problems caused by engaging social cognition in economic contexts. Finally, it explores labor markets as a second example where problems might arises if social cognition is inappropriately engaged, and argues that social cognition can often get in the way of economic motives, resulting in sub-optimal economic decisions and human exploitation.
Keywords: Economics, Labor markets, 2007 global financial crisis, Human exploitation
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