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Tyler Cowen on the GOAT of Economics

EconTalk

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Reassessing Economic Thought

This chapter examines the evolution of the economics profession, contrasting the depth of modern economists with historical thinkers like Malthus, Mill, and Smith. It discusses the need for broader philosophical engagement and originality in economic thought while analyzing the contributions of economists such as Milton Friedman. The conversation also highlights the role of central banks and fiat money, emphasizing the shifting landscape of macroeconomic theories and their implications.

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