Diane Coyle on Cogs, Monsters, and Better Economics

Diane Coyle, an economist and author of "Cogs and Monsters," questions traditional economic models that see individuals as mere cogs. Instead, she argues we're more like monsters, influenced by social media. Coyle emphasizes the need for diverse methodologies in economics and discusses the limitations of standard forecasting methods. She explores the ethical dimensions of policy-making, the value of culture beyond monetary terms, and advocates for a deeper understanding of community well-being, urging a rethink on GDP as a measure of progress.