ECON TALK - I'm Not Passing Much the Judgment

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Bronco Milanovic Bronco: I don't think it's healthy for us always to be thinking of commercialization and putting a shadow price on things. "I like to say that in a good marriage you don't keep score" He says we could make our lives not miserable but actually maybe economically better but maybe in a social sense worse. The conversation somehow flows like a river and somewhere that's the goal talk to you soon thank you very much Talk to you on monday.

Author and economist Branko Milanovic of CUNY talks about the big questions in economics with EconTalk host Russ Roberts. Milanovic argues that the Nobel Prize Committee is missing an opportunity to encourage more ambitious work by awarding the prize to economists tackling questions like the rise of China's economy and other challenging but crucial areas of scholarship. In the conversation, he lays out what those questions might be and discusses what we know and don't know in these areas.