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.

definitionpending

Speaker

Larry Iannaccone

Evidence 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

Source

The Economics of Religion with Larry Iannaccone 10/9/2006EconTalk
Created: 6/17/2026, 10:31:34 AM

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