Below you'll find a list of all posts from October, 2021
The British journalist Nicholas Wapshott’s Samuelson Friedman, a sequel to his earlier Keynes Hayek, promises an exciting Shootout at the OK Corral but doesn’t deliver. (The silly book titles don’t help either.) Nobel laureates Paul Samuelson, left of center, and Milton Friedman, firmly on the right, had much more in common than not — they were both passionate believers in …
We shouldn’t read too much into pop sociology, especially when investing other people’s money. William Strauss and Neil Howe built a following by studying substantive differences among generations: Baby Boomers, Millennials, Gen X and so forth. But that view is mistaken, according to Bobby Duffy. Duffy asks whether our lives largely shaped by when we were born, as popular “generational …
An urban legend has Amos Tversky, the late co-founder (along with Daniel Kahneman) of behavioral economics, asking a computer scientist what he was working on. The computer man responded, “I study artificial intelligence.” Tversky, a notorious smart aleck, responded, “I study natural stupidity.” Steven Pinker has studied natural stupidity more carefully than any other living writer. Trained as a cognitive …