Paul Samuelson, the influential and famous economist died not too long ago. Here is a short video about one meeting I had with Samuelson For more on Samuelson, see this Wikipedia
One of the things that always amazed me about rational economists is that they don’t update their opinions. In economics there is a very clear way in which all people are supposed to observe new information and based on it update (what…
Before the financial crisis of 2008, it was rather difficult to convince people that we all might have irrational tendencies. For example, after I gave a presentation at a conference, a fellow I’ll call Mr. Logic (a composite of many people I…
In a story that just appeared in The Atlantic, Gregory Clark, a professor of economics at the University of California at Davis, described some of his concerns with the profession of Academic Economists. In this story he also used a paper on…
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