Radical Uncertainty - Mervyn King

Mervyn King was Governor of the Bank of England from 2003 to 2013. 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 See omnystudio.com/listener for privacy information.