AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Radical Uncertainty - Mervyn King
The Joe Walker Podcast
How to Distinguish Between Good and Bad Narratives
Economists often put to me which is well you know what do we do in a world of radical uncertainty. Many very abstract models that have been produced are actually very helpful in understanding problems. But they don't produce a precise quantitative description of what will happen. What's important is to distinguish between economics in the work that it does to provide insights and in the way we should be involved in making decisions where we simply confront radical uncertainty about the future. We need to ask the question what is going on here and not resort to spurious precision.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode