Markets need social support

What if the choices you make every day aren’t entirely your own?In this episode of Passion Struck, I sit down with Nobel Prize-winning economist Alvin Roth to explore how incentives, systems, and hidden structures shape human behavior—often in ways we don’t even realize.Drawing from his new book, Moral Economics: Why Good Incentives Are No Substitute for Good Citizens, Roth reveals a powerful truth: markets aren’t just about money—they are systems that decide who gets what, who gets access, and what society considers acceptable.We explore why banning certain behaviors often pushes them underground, how so-called “repugnant transactions” reveal our moral boundaries, and why understanding incentives is essential if you want to make better decisions—in your life, your work, and the systems you operate within.This conversation challenges how you think about choice, control, and responsibility—and offers a new lens for understanding the forces shaping your decisions every day.Passion Struck is the #1 alternative health and personal growth podcast dedicated to human flourishing and the science of mattering.Check the full show notes here: https://passionstruck.com/moral-economics-alvin-roth-market-design/Explore companion insights for this episode at: https://www.theignitedlife.netThank You to Our SponsorsLimited Time Offer – Get Huel today with my exclusive offer of 15% OFF online with my code PASSION at huel.com/passion. New Customers Only. Thank you to Huel for partnering and supporting our show!Connect with JohnKeynotes, books, podcast, and resources: https://linktr.ee/John_R_MilesChildren’s Book — You Matter, Luma: https://youmatterluma.com/Pre-Order The Mattering Effect: https://matteringeffect.com/In This Episode, You Will Learn:

• How incentives shape your decisions—often without you realizing it
• Why markets are systems of allocation, not just exchange
• What “repugnant transactions” reveal about society’s moral boundaries
• Why banning something doesn’t eliminate it—it often creates black markets
• How hidden systems influence behavior in business, policy, and everyday life
• What it means to design better systems that align with human values

Support the MovementUnderstanding how systems shape behavior is the first step toward living more intentionally.Explore tools, insights, and frameworks to help you align your life with what truly matters: https://www.theignitedlife.netDisclaimerThe Passion Struck podcast is for educational and entertainment purposes only. The views and opinions expressed by guests are their own and do not necessarily reflect those of Passion Struck or its affiliates. This podcast is not a substitute for professional, legal, or financial advice.

Connect with John

• Pre-Order The Mattering Effect: https://matteringeffect.com/
• Book John to Speak: https://johnrmiles.com/speaking/
• Keynotes, books, podcast, and resources: https://linktr.ee/John_R_Miles
• Children’s Book — You Matter, Luma: https://youmatterluma.com/
• Substack: https://www.theignitedlife.net/

Support the Movement: https://startmattering.com/. Every human deserves to feel seen, valued, and like they matter. Wear it. Live it. Show it.

Disclaimer

The Passion Struck podcast is for educational and entertainment purposes only. The views and opinions expressed do not necessarily reflect those of Passion Struck or its affiliates. This podcast is not a substitute for professional medical or psychological advice.