Failure is inevitable; it happens all the time in a complex economy..

Accepting trial and error means accepting error. It means taking problems in our stride when a decision doesn't work out, whether through luck or mis….

Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we c….

We should not try to design a better world. We should make better feedback loops..

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentist….

British politicians used to be good at misleading people without actually lying..

Love may be boundless and abundant, but time isn't. Time is finite..

There is much more to life than what gets measured in accounts. Even economists know that..

You show me a successful complex system, and I will show you a system that has evolved through trial and error..

I see the God complex around me all the time in my fellow economists. I see it in our business leaders. I see it in the politicians we vote for - peo….

We now have political chaos. We've got parties in Ireland saying they want to merge with Northern Ireland. You've got parties in Scotland saying you ….

Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer game….

Loss aversion is a really disproportionate anxiety about stuff that doesn't matter very much. So for instance, if you lose $5, you feel really bad ab….

Economics spreads happiness..

People today dont become economists to make the world a better place..

How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and t….

If the whole process of learning from failure means discarding stuff that's not working, but in fact, our natural reaction is to keep going, to throw….

Norway has a relationship with the EU which is very close. It has to accept most EU rules. It has to pay EU membership fees. It has free movement of ….

There's nothing wrong with a plan, but remember Von Moltke's famous dictum that no plan survives first contact with the enemy. The danger is a plan t….

Success Comes Through Rapidly Fixing our Mistakes Rather than Getting Things Right the First Time..

Ten percent of American businesses disappear every year. ... It's far higher than the failure rate of, say, Americans. Ten percent of Americans don't….