It seems to me i's about time, and time legs, and the inability of quantities to adjust as quickly as one might hope. So we could fix some of these shortages, but we need to know were they're going to be. And a ina understanding much better where those bottle necks are Seems a really urgent issue to me. The european union is planning to try and build its own semi conductors in the multi billion uro ambitious project. N who knows if that will succeed.
Mainstream economics, says author Diane Coyle, keeps treating people like cogs: self-interested, rational agents. But in the digital economy, we're less sophisticated consumer and more monster under the influece of social media. Listen as the economist and former UK Treasury advisor tells EconTalk host Russ Roberts how, for economics to remain relevant, it needs both more diverse methodologies and more engagement with the broader issues of the day.