"You do bear some cost if you fire your employes all the time. People arem less excited to work aor yo a bit," he says. "But, bu, but there er, an employee is i ecas some who sold you his work unconditionally." 'I've never seen you give economic advice in the sense tha you argue about economic systems,' writes Savile. He adds that most people don't take any risks for the collective good of society.
Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.