Check out my latest post at Novel Stance about how economists need to incorporate sympathy more into their models. Here’s a bit:

Economic models’ overreliance on rational self-interest as the basis of human nature made their conclusions appear selfish and out of touch with reality. By not embracing a more nuanced view of human nature, economists lack a full understanding of how people behave and risk losing more credibility with the general public.

Read the whole thing here.

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Three new podcast episodes, starting with most recent:

  1. 2002 Nobel Laureate Vernon Smith talks about his work in experimental economics and how Adam Smith’s Theory of Moral Sentiments influenced his work.
  2. Dan Hirschman of Brown University discusses “stylized facts” and their role in the process that takes ideas from academia to public policy, specifically inequality.
  3. Nell Compernolle of the University of Michigan tells the migration story of Nepalese men and its impact on marital attitudes.

Lots more episodes coming soon, hopefully. If you know anyone that would be interested in being interviewed, let me know!