#94: Radical Uncertainty – Mervyn King
1 min read
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