Understanding Technology Bubbles
New Books in Economics
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The Importance of the Narrative in Industrial History
David Frum: The power of the narrative to transform both industrial history and industry outcomes is surprising. He says people get caught up in stories to their detriment, but you need it in order to coordinate some sort of vision in the future or coordinate action. "Narrative drives the behavior of many people and has a lot of social welfare implications," he adds.
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