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“Value does not live in things — it lives in the mind.” With that quiet sentence, economics changed its idea of reality. How the Economists Rediscovered the Human Mind tells the story of the Marginal Revolution, when thinkers like Menger, Jevons, and Walras replaced labour and power with preference, utility, and equilibrium. The factory gave way to the psyche. Justice to optimisation. Ethics to equations. This episode traces how economics became a science of choice rather than production, of perception rather than conflict. The market was no longer a battlefield or a moral drama, but a system of rational individuals balancing desires under scarcity. Elegant. Precise. And strangely empty. What emerged was neoclassical economics — a secular theology of reason, where equilibrium replaces justice and calculation stands in for conscience. Everything works… as long as people remain abstract. Created by Library of Ideas — where thinking meets storytelling. #StoryAboutHistory #LibraryOfIdeas #HistoryOfEconomics #MarginalRevolution #NeoclassicalEconomics #HumanMind #EconomicThought #PhilosophyOfEconomics #Modernity #IdeasThatShapeTheWorld ________________________________________ The History of Economics in 25 Scenes A journey through the great transformations of economic thought — from the moral order of antiquity to the analytical world of modern economics. Each episode explores how philosophy, theology, and history shaped the way humans understood value, work, and exchange. 🎓 The Library of Ideas Academy Exploring how ideas and history have shaped our civilization — from Plato to Keynes, from ethics to markets. #historyofideas #economics #philosophy #intellectualhistory #LibraryOfIdeas #Keynes #Aristotle #Plato 🎬 Full playlist: The History of Economics in 25 Scenes • The History of Economics in 25 Scenes Episodes 1/25 - Why Every Civilization Builds Its Own Economy 2/25 - How Ancient Thinkers Turned Morality into Economics 3/25 - When Money Became a Matter of Salvation 4/25 - What Made a Price “Just”? The Medieval Logic of Value 5/25 - How Monks Invented the Free Market 6/25 - How Renaissance Bankers Shaped the Modern World 7/25 - What We Learned from the First Economists 8/25 - The Moment God Left the Market 9/25 - How Kings Tried to Monetize Power 10/25 - The Birth of Economic Bureaucracy 11/25 - Adam Smith and the Moral Engine of Capitalism 12/25 - How Economists Replaced the Monarch 13/25 - The Mathematical Age of Economics 14/25 - When Progress Turned into a Moral Question 15/25 - What We Lost When We Gained the Market 16/25 - When the World Split to Find Itself Again 17/25 - Why Marx Called Capitalism a Religion 18/25 - How the Economists Rediscovered the Human Mind 19/25 - The Great Economic Duel of the 20th Century 20/25 - When Economists Fought for the Future 21/25 - The Price of Freedom in Economic Thought 22/25 - What Happens When Economics Looks at Itself 23/25 - How Psychology Invaded Economics 24/25 - Why Modern Economies Keep Producing Inequality 25/25 - The Search for Balance Between Man and Market ________________________________________ 🎓 The Library of Ideas Academy Exploring how ideas, beliefs, and discoveries have shaped the story of our civilization. From ancient philosophy and early faiths to modern science and economics — a journey through the mind of humanity. 🌐 Website: https://libraryofideas.academy 𝕏 https://x.com/LibraryofIdeas_ 📧 Contact: academy@libraryofideas.academy 🇬🇧 Based in London, United Kingdom #HistoryOfIdeas #Philosophy #History #Civilizations #Economics #Psychology #Education #Humanity #Wisdom #LibraryOfIdeas #Storytelling #Meaning #TheHumanCondition #BeyondFacts #ThinkDifferent #HistoryAsStory