HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Neuroeconomist Paul J. Zak on Markets and the "Molecule of Love"

Views:802
@ReasonVids

"Markets are pro-social. Markets are about serving the needs of another—that is innately virtuous," says Paul J. Zak, professor of Economics at Claremont Graduate University.

Zak is the founding Director of the Center for Neuroeconomics Studies at Claremont and is credited with the first published use of the term neuroeconomics, a new discipline that integrates neuroscience and economics. He describes neuroeconomics as the "brain basis for decision-making" or simply put, "It's really about why people make bad decisions regarding money."

In 2004, Zak's lab discovered that the chemnical oxytocin (best known for inducing labor in women and giving us that warm fuzzy feeling when we hug someone) allows us to determine whom to trust in situations that require exchange. That's the same trust that makes trade possible and underpins modern civilizations and economies.

Zak discusses his oxytocin argument, presented in Moral Markets: The Critical Role of Values in the Economy and why even the most untrustworthy among us leads to a healthy and moral marketplace.

Approximately 10 minutes long. Produced by Hawk Jensen with Alex Manning as director of photography.

paul
,
zak
,
nueroeconomics
,
oxytocin
,
moral molecule
,
molecule of love
,
reason.tv
,
nueroeconomy
,
nueroeconomist
,
lactation
,
labor
,
child birth
,
claremont college
,
professor
,
moral market
    Thumbnail for Too Big to Fail 2.0: This Time It's Personal Finance and Just About Everything Else8:49
    Too Big to Fail 2.0: This Time It's Personal Finance and Just About Everything Else
    ReasonVids
    913 views
    Thumbnail for Cops Against the Drug War: Jerry Cameron of LEAP6:06
    Cops Against the Drug War: Jerry Cameron of LEAP
    ReasonVids
    879 views
    Thumbnail for How NYC's Landmarks Act Bulldozed the Future3:30
    How NYC's Landmarks Act Bulldozed the Future
    ReasonVids
    1033 views
    Thumbnail for Law for Non-Lawyers – Due Process and Equal Protection31:57
    Law for Non-Lawyers – Due Process and Equal Protection
    IJvids
    1169 views
    Thumbnail for Walking Among Heroes 🇵🇭🇺🇸 | Jonas Tayaban0:45
    Walking Among Heroes 🇵🇭🇺🇸 | Jonas Tayaban
    invidious
    74 views
    Thumbnail for noisy1:12
    noisy
    bestofupgoat
    198 views
    Thumbnail for Coon rolling around0:09
    Coon rolling around
    bestofpoal
    542 views
    Thumbnail for Elizabeth Warren's Plan To Cancel Student Debt Helps the Well-Off2:48
    Elizabeth Warren's Plan To Cancel Student Debt Helps the Well-Off
    ReasonVids
    928 views
    Thumbnail for Great Moments in Unintended Consequences (Vol. 8)2:33
    Great Moments in Unintended Consequences (Vol. 8)
    ReasonVids
    950 views
    Thumbnail for Law Lets Cops Jail People for Sleeping in Cars! (Nanny of the Month, Aug '13)1:35
    Law Lets Cops Jail People for Sleeping in Cars! (Nanny of the Month, Aug '13)
    ReasonVids
    829 views
    Thumbnail for Ask A Libertarian is Back0:39
    Ask A Libertarian is Back
    ReasonVids
    764 views
    Thumbnail for Family Farmers Fight Michigan Township For Their Animals5:39
    Family Farmers Fight Michigan Township For Their Animals
    ReasonVids
    1007 views
    Thumbnail for Couple Heading to Court after Hosting Home Bible Study! (Nanny of the Month, Sept 2011)1:22
    Couple Heading to Court after Hosting Home Bible Study! (Nanny of the Month, Sept 2011)
    ReasonVids
    855 views
    Thumbnail for Parents, Pot, and Prohibition: Daisy Bram's Story7:41
    Parents, Pot, and Prohibition: Daisy Bram's Story
    ReasonVids
    930 views
    Thumbnail for The Spirit of Mount Vernon: George Washington's Whiskey6:13
    The Spirit of Mount Vernon: George Washington's Whiskey
    ReasonVids
    1018 views
    Thumbnail for Guillaume Faye's speech at Identitarian Ideas 7 (2015)53:18
    Guillaume Faye's speech at Identitarian Ideas 7 (2015)
    SmashTheJourgeoisie
    1156 views
    Thumbnail for Learn to git gud, bitch! 0:13
    Learn to git gud, bitch!
    bestofupgoat
    269 views
    Thumbnail for Dating Apps Bring Out the Worst in People | Ride and Roast34:25
    Dating Apps Bring Out the Worst in People | Ride and Roast
    Terrence Popp
    795 views
    Thumbnail for Fish Eye Lens4:07
    Fish Eye Lens
    homestarrunner_unofficial
    748 views
    Thumbnail for In clown world everybody needs a costume.  Be the caricature your enemy needs you to be.4:28
    In clown world everybody needs a costume. Be the caricature your enemy needs you to be.
    AOUisgay
    349 views
    Thumbnail for 3 Reasons to Build the Keystone XL Pipeline2:31
    3 Reasons to Build the Keystone XL Pipeline
    ReasonVids
    887 views
    Thumbnail for Some people.....0:09
    Some people.....
    AOUisgay
    389 views
    Thumbnail for "In Christendom Usury Was Illegal" Stefan Aarnio Teaches Students About History, jews" Usury3:31
    "In Christendom Usury Was Illegal" Stefan Aarnio Teaches Students About History, jews" Usury
    AOUisgay
    442 views
    Thumbnail for The New Orleans School Voucher Program6:31
    The New Orleans School Voucher Program
    ReasonVids
    860 views
    Thumbnail for Liberty Fund's Chris Talley on Freedom, Dialogue, and Ama-gi Tattoos3:37
    Liberty Fund's Chris Talley on Freedom, Dialogue, and Ama-gi Tattoos
    ReasonVids
    769 views

points

Permalink
Reply
paul
,
zak
,
nueroeconomics
,
oxytocin
,
moral molecule
,
molecule of love
,
reason.tv
,
nueroeconomy
,
nueroeconomist
,
lactation
,
labor
,
child birth
,
claremont college
,
professor
,
moral market
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle