The economic approach is distinguished from sociology, psychology, and anthropology by its unflinching assumption of maximizing/rational-choice behavior, stable preferences, and the concept of markets and market equilibrium, which leads economists to ask why an apparently strange behavior (like joining a cult) is rational rather than attributing it to brainwashing or inexplicable tastes.
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Larry IannacconeEvidence Quote
“No, we stop and say, 'Why would a totally rational person join a cult?' And turns out is that when you ask that kind of question, you get all kinds of insights that otherwise you just miss”
Created: 6/17/2026, 10:31:34 AM
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