Someone the other day argued that "rational markets" needed to be considered in any kind of economic and moral policy reform. It's an argument that goes back to at least the Puritans who help found the US ethos on sets of very simple and naive principles.
Fact is that from dot-com to housing bubbles, greed can make people dummer, read: irrational, together.
If we accept the fallacy of rational markets in favor of a view that they are actually self-organizing ecosystems of human beings, how would our individual behaviors change?
