Greenlighting and the Role of Economists in Filmmaking

This chapter discusses the process of greenlighting a major motion picture, the cast involved, and the importance of technical advisors. It also explores how filmmakers consult economists and the challenges economists face in communicating their work effectively. Adam McKay's desire to understand the emotional stakes behind financial products is highlighted, with a focus on collateralized debt obligations (CDOs) and their role in the financial crisis. The chapter concludes with a mention of the movie's plot, which revolves around individuals who foresaw the collapse of CDOs and mortgage-related financial products.