Richard Thaler interviews in the U.K.

On the BBC talking to Lyse Doucette.

Thaler with John Authers of the Financial Times. Parts I and II are here. Charles Davi of the Atlantic says the interview itself is an important signal.

To some, it might seem like just another interview. But Authers undoubtedly recognizes its significance. Thaler is a professor at the University of Chicago, which is the birth place of the Efficient Market Hypothesis, and Authers is a well-respected columnist for the Financial Times, which is arguably the voice of the free market in the press. And yet, there they are, casting doubt upon the very theories underpinning a generation of thought that have made the University of Chicago the epicenter of free market ideology. In the language of soda-pop-economics, this interview is a “black swan.”

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