I’m a bit busy today but there are a few interesting things in the media this week that I wanted to highlight. First of all is a piece by me on research being done in University College London (UCL) about decision-making under uncertainty. I am fascinated by this work for a number of reasons. First of all, it is actual true empirical work into decision-making under uncertainty. This has led the researchers to undertake the bold step to actually formulate a true measure for ‘animal spirits’.
Secondly, the project is headed by David Tuckett. He is a psychoanalyst that is quite consciously opposed to what is being done in behavioral economics. This is a breath of fresh air for me for two reasons. Firstly, because I am very keen on psychoanalysis and dynamic psychology. And secondly because I think behaviorism is pretty awful. Finally, I am enthused that the Bank of England and the European Central Bank are very interested in this work.
Anyway, I have a four-page feature article commissioned on this topic which will explore it from a more journalistic angle. For now, here is the op-ed that went up today.
Also in the media this week was an extensive interview with the institutional economist Bill Lazonick on Sam Seder’s Majority Report. I have not written much on Lazonick’s work before because institutional economics is not really my field. But I think that his is some of the most important work out there. The interview starts around the 6 minute mark.
Anyway, hope that’s enough to keep you occupied over the weekend.