uncertainty is what makes life interesting, going to new places and meeting new people. It's not just a was right when he said that uncertainty was what made nter enership and profit possible - although it is. The fact that there is uncertainty at the age of 21, 22 is what makes their life exciting and worth living. Some of that is risk, which the ed to marriage, but much of it is the uncertainty we should embrace.
John Kay and Mervyn King talk about their book, Radical Uncertainty, with EconTalk host Russ Roberts. This is a wide-ranging discussion based on the book looking at rationality, decision-making under uncertainty, and the economists' view of the world.