Enlightened self-interest: Cognitive myopia and the architecture of systemic failure
By VICTOR-BANDELE DADA Systemic instability in political economy is primarily a product of cognitive failure rather than inherent moral turpitude. By distinguishing between “unenlightened” (short-horizon) and “enlightened” (long-horizon) self-interest, agents frequently undermine their own long-term utility through a failure to account for systemic interdependencies. Drawing on Socratic philosophy, Smithian economics, and modern Game Theory, this paper […]
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