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Narrative Bias, Collective Sense-Making, and AI with Paul Bohm

Village Global Podcast

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Is There a Future for Economic Policy?

I think economics is in a really weird state because, again, it's just very full of narrative bias. If you ask actual economists, simple questions like why are some countries poor and other countries rich, I don't think the answers would be very satisfying. But overall, what's fascinating to me is when basically monkeys became humans at some point in history, every place on earth was an abject poverty. So, wealth is not something that existed and just got redistributed. Wealth can be created very much so.

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