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The Impact of Evolutionary Pressures on Economic Narratives

Posted On: Apr 21, 2021   |   Posted By: Steady State

The Impact of Evolutionary Pressures on Economic Narratives

By Carey W. King
People use narratives to support their position, and narratives can serve three purposes. First, they tell a story of belonging. If you meet a stranger and realize you are from a common area, you more easily engage in conversation than otherwise. Second, they describe norms that guide our actions. Most people in society follow certain norms such that by doing so, they are accepted as part of the group. Third-and most relevant to advancing the steady state economy-we use narratives to describe and learn about how the world works.
Unfortunately, most narratives don't serve all three purposes effectively. A narrative around an economic theory can help facilitate conversation by creating a common vocabulary , but that narrative might inhibit accurate explanation of the natural world around us. Some problems with economic policy derive directly from the fact that our economic narratives, perhaps useful for belonging and norms, are not useful in their ability to...

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