You Know I'm Not a Chicago Trained Economist but I'd Rather Be a Maximizing Guy

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I was more of a Chicago guy than you because I see this as inevitable and I'm not passing a judgment on that. neoclassical economist to me the Chicago trained economist as well and it makes you better off what's the cost it's all improvement but I think your point which I find is that yeah there's a there's a texture of life issue there in terms of how you the day-to-day life goes on wait if you're constantly thinking about opportunity cost.

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.