The Limits of Economics
Russ and Diane discuss the limitations of economics in determining what is good and the challenges of making value judgments in economic analysis, particularly in the context of universal basic income. They explore the balance between objectivity and acknowledging the embedded values in economic recommendations, highlighting the distributional consequences of unconventional monetary policy post-financial crisis.In this clip
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EconTalk
Diane Coyle on Cogs, Monsters, and Better Economics
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