EP103 – Ayn Rand, Self-esteem, and Three Minute Therapy with Dr Michael Edelstein

In Economics Explored Episode 103, Dr Michael Edelstein explains why Ayn Rand’s concept of self-esteem is unreasonable and unhelpful. Program host Gene Tunny asks Michael to explain his Three Minute Therapy approach, which is solidly based in Rational Emotive Behavior Therapy (REBT).  

About Dr Michael Edelstein

Michael R. Edelstein, Ph.D., has an in-person and telephone therapy practice in San Francisco. He is the author of Three Minute Therapy, a self-help book for overcoming common emotional and behavioral problems, for which he has been awarded Author of the Year. The book was a Quality Paperback Book Club/Book-of-the-Month Club Selection, a Behavioral Sciences Book Service Book Club Selection, and an Albert Ellis Institute Selection. His 2009 book, Stage Fright, includes interviews with Robin Williams, Jason Alexander, Melissa Etheridge, Maya Angelou, and others, relating their personal experiences and wisdom in coping with performance anxiety.

Links relevant to the conversation

Michael’s website –

Michael Edelstein – Why Ayn Rand’s Self Esteem is Unreasonable [Capitalism & Morality Seminar 2015] –

‘Fountainhead’ a good read beneath the controversy

William F. Buckley Jr. speaks with Charlie Rose about Ayn Rand’s Atlas Shrugged –

Please get in touch with any questions, comments and suggestions by emailing us at Economics Explored is available via Apple PodcastsGoogle Podcast, and other podcasting platforms.

Podcast episode

EP88 – Evolutionary Economics with Brendan Markey-Towler

In Episode 88, Dr Brendan Markey-Towler returns to Economics Explored to speak with host Gene Tunny about the important insights of Evolutionary Economics, a sub-field of economics which owes a lot to Joseph Schumpeter’s perspective on economic growth emphasising creative destruction. Brendan is the co-author of the 2020 book Economics of the Fourth Industrial Revolution Internet, Artificial Intelligence and Blockchain, published by Routledge. He has a PhD in Economics from the University of Queensland.

Links relevant to the conversation

What is evolutionary economics – Brendan’s Medium article

Books with chapters on Schumpeter:

Grand Pursuit: The Story of Economic Genius

The Great Economists

The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers

Nelson and Winter’s 1982 classic:

An Evolutionary Theory of Economic Change

Veblen’s article:

Why is Economics not an Evolutionary Science?

Please send through any questions, comments or suggestions to and Gene will aim to address them in a future episode.

Joseph Schumpeter (1883-1950)