Josh Farley — The Myths Shaping Our Economies: The Disconnect between Economic Theory and Reality

In this conversation, Nate is joined by ecological economist Josh Farley to explore the persistent myths taught in business schools, and the disconnect between economic theory and reality. Building on Nate’s recent Frankly episode, they unpack topics like the misconception between value and price, how GDP is a flawed measure of well-being, the truth about debt, and the ripple effects these have across market dynamics.

What could go wrong?

Things caused by humanity can probably also be solved by humanity. A good place to start seems to be to make sure that the risks we face are more consistently included in things like national risk assessments or global policy making, so that we can better explore what might be done about them.

Rivulets of Life

I am not claiming that we need to consider rivulets or fire or lightning as animate forms of Life. The difference in complexity is truly staggering. Yet, the comparison offers a mottled window—especially into decision-making processes that appear (via feedback/success) to be directed, or purposeful.