The Economy: Learning to Trust Again
We are designed to be trusting animals, you and me. Paul Zak, professor of economics at Claremont University, and researcher in the emerging field of "neuroeconomics," discusses the way human brains work when we interact with one another in a APM Speaking of Faith broadcast from July, 9, 2009. Here's the link: http://speakingoffaith.publicradio.org/programs/2009/neuroeconomics I urge you to take the time to listen. Zak asserts that the brain hormone oxytocin , the same hormone that is released in the brain of women while nursing, and in all of us during sexual arousal (the attachment hormone as I have come to think of it) is released in 98% of us when we interact with one another with trust. And this is particularly important, he asserts, in our interactions around money. We tend, he says, to begin with trust, and when trust is reciprocated, that trusting is reinforced. This is how an economy functions; we fundamentally trust one another. In particularly stressful t