Sharonomics: Not Just Human Instinct, It’s Animal Spirit Too

AlgoShare
AlgoShare
May 18, 2019 · 2 min read

Sharonomics is a portmanteau blend of “share” & “economics” that introduces a new branch of knowledge. It’s a radical new take on economics.

To share is human, to expect nothing in return is divine. If we think sharing is a uniquely human trait, not to be found in the animal world, we haven’t known enough of the animal spirit. Sharonomics is as much an essence of the animal kingdom as it is ingrained in humanity.

This Eye Opener From BBC Earth On Sharing Empathy

Animals Helping Each Other In Distress

The famous economist John Maynard Keynes used the term “Animal spirits” in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior, and which can be measured in terms of, for example, consumer confidence. It has since been argued that trust is also included in or produced by “animal spirits”.

Keynes explains: “Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits — a spontaneous urge to action rather than inaction.”

And, The Ultimate Epitome Of Sharing:

A rare trio of bald eagle trio was in news recently for collectively raising eaglets in a single nest that they all shared.

Action Rather Than Inaction

As Keynes states: “a spontaneous urge to action rather than inaction” is the inherent animal spirit that drives an economy whether it pertains to animal sharonomics or human sharonomics.

Claps please if you like the article.

AlgoShare

Written by

AlgoShare

AlgoShare Brings #Sharonomics to #HFT #Algo #Trading In #Currency #Stocks #Commodities #Bonds #Cryptocurrency. #Economics #Fintech #Blockchain #AI #UBI #Poverty

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade