Financial Policy: Tempering Greed

The 2008 financial crisis revealed the effects of excessive Greed. The mantra leading to the crash had been that Greed is good, and excessive Greed is extremely good. Microeconomics, especially the Libertarian branch of it, as represented in Chicago Schoo

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Metaeconomics Tempering Excessive Greed Gary D. Lynne

Palgrave Advances in Behavioral Economics Series Editor John Tomer Co-Editor, Journal of Socio-Economics Manhattan College Riverdale, NY, USA

This ground breaking series is designed to make available in book form unique behavioral economic contributions. It provides a publishing opportunity for behavioral economist authors who have a novel perspective and have developed a special ability to integrate economics with other disciplines. It will allow these authors to fully develop their ideas. In general, it is not a place for narrow technical contributions. Theoretical/conceptual, empirical, and policy contributions are all welcome. More information about this series at http://www.palgrave.com/gp/series/14720

Gary D. Lynne

Metaeconomics Tempering Excessive Greed

Gary D. Lynne University of Nebraska–Lincoln Mesa, AZ, USA

ISSN 2662-3846     ISSN 2662-3854 (electronic) Palgrave Advances in Behavioral Economics ISBN 978-3-030-50600-1    ISBN 978-3-030-50601-8 (eBook) https://doi.org/10.1007/978-3-030-50601-8 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To John Tomer, who gave substantive meaning to a humane economics. And, to the Grandchildren: May they experience a more empathy-based, and, thus, a more humane and good capitalism.

Preface

The path to Metaeconomics has been very much a personal path, going back to my early experience on a grain and livestock farm in northern North Dakota, only 100 miles or so south of the Canadian border, way up north. Because of challenging climate