Christian Economists

Who’s to blame for the global financial crisis? Building contractors who financed their activities on credit without knowing how they were going to pay their debts? Or bankers, who lent them money and then passed on toxic debts without a qualm? Or is it executive boards and politicians, who saw the whole thing coming and opted to close their eyes, grit their teeth and hope it would all go away?Why did everyone involved behave as irrationally as they did? Scientists working in the relatively novel discipline of neuroeconomics are taking a closer look at homo oeconomicus. Economists and neurologists are cooperating to see what they find. Neurologist Christian Elger and his colleagues are, for example, monitoring subjects’ brain waves as they make economic decisions. In one experiment, they have two test subjects solve the same problem, but award them differently for their efforts. Tomorrow Today joins the researchers to see what effect that inequality has on the subjects’ brain waves, and discovers that human beings are less rational than economists have previously postulated.

As seen on The 700 Club’s nationally televised broadcast for Tuesday, Sept. 7, the top headlines from CBN News include — Economists Question Obama’s $200 Billion Tax Cut; First Lady: ‘We Need You, Lord’ and more… The Christian Broadcasting Network CBN www.cbn.com