2024:32 Humanomics
The David McWilliams Podcast
00:00
Exploring the Intersection of Comedy and Economic Policy
This chapter delves into the surprising connection between humor and economic decision-making, starting with the review of the Bank of England and the revelations of economists discussing a comedy festival during key meetings. It critiques the shift in economic analysis from theoretical math to practical observations of human behavior, emphasizing the importance of understanding real-world dynamics and human nature in economic models. The chapter also discusses the historical influence of flawed mathematicians on economic policies and the need for intellectual humility in economic analysis.
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