Edit: the title should read "tall tale" not "tall tall".
Cogs and Monsters Inaugural Lecture, 20 November 2018 Diane Coyle, Bennett Professor of Public Policy : Still, the idea of narrative economics is gaining traction. Robert Shiller compares economic narratives to epidemics, infections of the mind. 71 He writes: “The field of economics should be expanded to include serious quantitative study of changing popular narratives,” adding, “Narratives can be based on varying degrees of truth.” Similarly, George Akerlof and Dennis Snower argue that neither conventional nor behavioural economics offer empirically valid general accounts of the way economies develop, whereas […]
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