The Larry Summers Problem

Created
Tue, 21/05/2024 - 23:25
Updated
Tue, 21/05/2024 - 23:25
Economists too often deceive themselves and their audiences into believing they know more than it is possible to know. As keepers of this Secret Knowledge, economists are rewarded in compensation, prestige, and influence for their expertise. At a 1991 speech at a World Bank-International Monetary Fund meeting, the famed Larry Summers told an audience, “The […]

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