https://www.worldfinance.com/markets/the-ascent-of-behavioural-economics https://www.npr.org/sections/money/2021/07/27/1020966312/the-behavioral-economics-manifesto-gets-revised?t=1627490869767 The Behavioral Economics Manifesto Gets RevisedPlanet MoneyJuly 27, 20216:30 AM ETGREG ROSALSKY Thaler insisted that the dominant economic model was a poor representation of reality and that wholeheartedly embracing this model had ugly consequences for people and markets. Nudge became his manifesto. Not only did he and Sunstein offer evidence and theories for … Continue reading nudge nudge – behavioural economics
“The University of Glasgow has been accused of capitulating to “wokeism” after it called off a talk by an academic whose research was said to be “eugenicist”.” The Times brimming with liberal indignation is a bit rich. But only as rich as the typical incumbents’ complaints. Which is understandable. One is worried one is losing one’s grip on … Continue reading How woke is wokism?
"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks." "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!
One reason to celebrate this year's prize is that it went to a woman, albeit shared with two men. Professor Duflo is only the second ever female economist to get the chance to feel humbled by this ultimate gong. The first was Elinor Ostrom in 2009. Funnily enough, history may well judge Ostrom's work on … Continue reading The Nobel Poor