Intelligence Squared

Radical Uncertainty, with Mervyn King, John Kay and Jesse Norman

Mar 20, 2020

Mervyn King, former Governor of the Bank of England, joins renowned economist John Kay and MP Jesse Norman to tackle the concept of 'radical uncertainty.' They discuss decision-making in unpredictable times, arguing that traditional economic models often fail to capture real-world complexities. The conversation reflects on lessons from the 2008 financial crisis, critiques regulatory failures, and urges a deeper understanding of risk and uncertainty, emphasizing the need for holistic approaches in both public and private sectors.

57:16

Creator website

Episode guests

Jesse Norman

John Kay

Mervyn King

AI Chapters

Episode notes

Intro

2min

Navigating Radical Uncertainty

19min

The Illusion of Control: Lessons from the 2008 Financial Crisis

3min

Regulatory Missteps and Banking Uncertainty

3min

Rethinking Risk and Decision-Making

23min

Brexit: A Study in Narrative and Uncertainty

4min

Conclusion and Sponsorship Highlights

2min

In these incredibly uncertain times, we're exploring the concept of 'radical uncertainty' in this episode with Mervyn King, the former Governor of the Bank of England, alongside renowned economist John Kay and Jesse Norman MP. Mervyn and John are the co-authors of a new book titled Radical Uncertainty: Decision-Making Beyond the Numbers, and in this episode they discuss the most successful - and most short-sighted - methods of dealing with an unknowable future using history, mathematics, economics and philosophy.

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