Occupation: Economist Birth: 1973
Failure in Innovation - it's a price worth paying..
The more grotesque your boss's pay and the less he has do to earn it, the bigger the motivation for you to work with the aim of being promoted to wha….
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….
Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we c….
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….
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….
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….
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….
There's lots and lots of guys out there. The question is trying to find the right one..
Love may be boundless and abundant, but time isn't. Time is finite..
Success Comes Through Rapidly Fixing our Mistakes Rather than Getting Things Right the First Time..
You show me a successful complex system, and I will show you a system that has evolved through trial and error..
British politicians used to be good at misleading people without actually lying..
I am aiming my books at anybody with no economics background..
Economics spreads happiness..
People today dont become economists to make the world a better place..
There is much more to life than what gets measured in accounts. Even economists know that..
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 ….
Failure is inevitable; it happens all the time in a complex economy..
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….
We should not try to design a better world. We should make better feedback loops..