The Importance of Unstructured Play

”I was just curious about everything. Everything was interesting and I always felt like I didn't have enough time to learn all the interesting things. And I think that was a big strength that I had.” – In our newest podcast episode, economist Philip Dybvig tells us how his parents encouraged his interest in the world. He shared the 2022 economic sciences prize "for research on banks and financial crises." Together with co-laureate Douglas Diamond, he developed theoretical models that explain why banks exist, how their role in society makes them vulnerable to rumours about their impending collapse, and how society can lessen this vulnerability. These insights form the foundation of modern bank regulation.

The host of this podcast is Adam Smith, Chief Scientific Officer at Nobel Prize Outreach.Nobel Prize Conversations is produced in cooperation with Fundación Ramón Areces. 

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