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About this episode
Show notes
Selected links
•Follow Mervyn King: Website
•Radical Uncertainty, by Mervyn King and John Kay
•The General Theory of Employment, Interest, and Money, by John Maynard Keynes
•'Debt deflation: Theory and evidence', paper by Mervyn King
•The End of Alchemy, by Mervyn King
•Recollections of a Bleeding Heart, by Don Watson
•The Poverty of Historicism, by Karl Popper
•Obliquity, by John Kay
•'Truth and Probability', essay by Frank Ramsey
•Frank Ramsey: A Sheer Excess of Powers, by Cheryl Misak
Topics discussed
•Why did Mervyn choose to study economics at Cambridge? 11:06
•Keynes' General Theory. 17:41
•Debt-deflation. 23:58
•When Mervyn met Ben. 29:20
•Was Mervyn caught off guard by the Global Financial Crisis? 31:40
•Does stability lead to instability? 38:18
•The stability heuristic. 41:43
•What is radical uncertainty? 49:54
•How technology creates radical uncertainty. 1:04:57
•Why has the economics profession overlooked radical uncertainty -- and when did this blindspot begin? 1:13:10
•Narratives. 1:25:18
•What does it mean to be rational? 1:31:21
•Speculative bubbles. 1:40:25
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