TED Business
How to live with economic doomsaying | Philipp Carlsson-Szlezak
May 13, 2024
Economist Philipp Carlsson-Szlezak discusses economic doomsaying, urges caution against exaggerated alarms, and advocates for rational optimism. He challenges the accuracy of economic predictions and encourages a shift away from relying solely on macroeconomic models. Embracing uncertainty and critical thinking in economic forecasting is key in navigating the complexities of financial forecasts.
13:38
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Quick takeaways
- Question the accuracy of economic forecasts and be cautious of apocalyptic predictions.
- Embrace uncertainty and complexity in economic analysis, shifting towards a mindset of rational optimism.
Deep dives
Rethinking Economic Predictions and Resisting Doom and Gloom
Economist Philip Carlson Slezak challenges the accuracy of economic forecasts and urges listeners to remain cautious of apocalyptic predictions about technological, economic, and societal collapses. He highlights past instances where predictions of economic turmoil, like the 2020 post-pandemic depression and inflation fears in 2021, turned out to be false alarms. Slezak questions the credibility of economists relying on models that may not accurately predict uncertainties and advocates for rational optimism as a countermeasure.
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