Amar Bhidé, a Professor of Health Policy and Management at Columbia University and author of "Uncertainty and Enterprise," dives into the fascinating nuances of uncertainty in economics. He critiques traditional economic models for overlooking the role of imagination and judgment in decision-making. The conversation also emphasizes the power of storytelling in teaching economics and how a narrative approach can enhance understanding. Bhidé challenges listeners to rethink organizational dynamics, advocating for collective engagement over hierarchical control.

In a captivating discussion, Amar Bhidé, a Columbia University Health Policy professor and innovation expert, dives into the concept of Knightian uncertainty and its relevance to today's corporate landscape. He emphasizes the distinction between unique and repeated events, urging businesses to view uncertainty as a creative opportunity. The conversation also delves into how corporations can harness imaginative storytelling and effective routines to navigate unpredictability and examines the ambiguous role of AI in shaping future business strategies.