The Age of Selfishness: Ayn Rand, Morality, and the Financial Crisis — Private Gain, Public Risk
What happens when institutions assume that private self-interest will reliably contain systemic risk?
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using The Age of Selfishness: Ayn Rand, Morality, and the Financial Crisis by Darryl Cunningham as an entry point, this episode traces the ideas, incentives, and institutional changes surrounding the 2008 financial crisis.
Cunningham connects Ayn Rand’s philosophy of self-interest to Alan Greenspan’s faith in market self-regulation and examines how deregulation, mortgage securitization, derivatives, rating-agency…
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