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19min chapter
130. Is Our Concept of Freedom All Wrong?
People I (Mostly) Admire
Imperfect Information and Economic Dynamics
This chapter delves into the concept of imperfect information and its profound impact on economic models, challenging the assumption of perfect knowledge in market dynamics. The discussion between the host and Nobel Prize-winning economist, Joseph Stiglitz, explores how information economics disrupts traditional economic equilibriums, leading to adverse outcomes like limited insurance availability. The chapter also touches on debates with prominent economists, reflections on personal experiences shaping economic thinking, and the speaker's background in addressing social issues through economics.
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Discover
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