2min chapter

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#174 – Tyler Cowen: Economic Growth and the Fight Against Conformity and Mediocrity

Lex Fridman Podcast

CHAPTER

Is Economics More Art or Science or Even Magic?

Tyler Cohen: Economics is sometimes able to formulate very simple, almost like e equals I'm see squared general models of how our human society will function when you do a certain thing. Do you ever sense there's a hope for economics to have those kinds of physics level descriptions and models of the world? Or is it just our desperate attempts as humans to make sense of it even though it's more desperate than rigorous and serious and actually predictable like a physics type science? It's most useful for helping you ask better questions.

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