Curiosity and Knowledge in Economics

Understanding the connection between knowledge and curiosity is crucial in economics and finance. The speaker emphasizes that the more they learned, the more complex the world appeared, challenging the conventional wisdom that more knowledge equates to greater certainty. An example of this came during the Reserve Bank of India's recent rate hikes, which, contrary to textbook expectations, did not reduce borrowing but instead accelerated credit growth. This highlights the dangers of assuming certainty from economic concepts, showcasing that economics involves greater nuance and unpredictability than often acknowledged.