Students of economics know all about the concept of an “invisible hand” that ensures free-market processes lead to beneficial social results.
Duke psychology, biology, and neurobiology professor John Staddon has identified a less beneficent force in financial markets. He labels that force the “malign hand,” and he blames it for the mistakes that led to the Great Recession.
Staddon’s written a new book about the malign hand, and he discussed the idea today in a presentation for the John Locke Foundation’s Shaftesbury Society. In the video clip below, Staddon outlines four ideas for addressing the “malign hand.”
2:35 p.m. update: Click play below to watch the full 49:39 event.
You’ll find other John Locke Foundation video presentations here.
