CYBERHYPE III: ECONOMICS DOES THE SHRINK ACT By CCRU, 10 April 2001

Featured in Mute Vol 1, No. 19 – Global Systems Meltdown
The Cybernetic Culture Research Unit examines 'psychological' economic theory, lite. A recent anonymous letter sent to the CCRU examines the newly popular analytical tool of ‘psychological’ economic theory. After reading the books and learning the theory, the author seems to have understood why only the ‘lite’ version is doing the rounds in the City today. Read it for yourself...
As I was waiting outside the London School of Economics to hear a lecture by Professor Matthew Rabin of the University of California, Berkeley, a tramp, swathed in the filthy blankets so typical of the street-dwelling underclass, was ranting in what seemed to be an incoherent fashion. He kept repeating the same few broken words – what sounded to me like “new feral magic MAGIC MAGIC” – in some loose approximation of a chant. The state of mental health care in the capital being what it is, such incidents are so common as to produce indifference in most Londoners, me included. But something about this incident made me unable to easily forget it.Cyberhype III: Economics does the Shrink Act (metamute.org)
Category:Technology