The Importance of Place

Sally Kohn: It's fascinating to hear you talk about the importance of place, and this is definitely something that we've gotten from Raj Cheddy's work as well. Do we need a national sociological council to sit right next to the National Economic Council? She says economists are some of those surprise people in the world because we're often surprised by things that are obvious to others. Kohn: The economic toolkit is powerful, but the great danger is that they could become too enamored with a model.