Tag: Radical Uncertainty
Is the Rate of Change of GDP the Best Way to...
In May 2018 I and other academics discussed the role of GDP at the Royal Society. You can...
Does God Play Dice?
Socrates: “I dare say that you are familiar with Tisias. Does he not define probability to be that which the many think?”
Adam Smith and the Pin Factory
‘One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at...
Great Thinkers: John Kay FBA on G. L. S. Shackle FBA
Mervyn King and I recently recorded a discussion on GLS Shackle, an economist who has been largely forgotten but has helped inform...
Pensions are stuck in a doom loop
In 1991 the ebullient fraudster Robert Maxwell disappeared from his yacht and was found to have looted the Daily Mirror pension funds to support his crumbling...
Embrace radical uncertainty
Embrace radical uncertainty
Between 1920 and 1950, a debate took place which defined the future of economics in the second half of the 20th century....
