What I'm asking for is a new economic order. I don't know how to construct that; I'm not an economist.
It is true that I am one of the co-authors of 'Nudge,' and I am a behavioral economist, but it does not mean that everything we write about in that book is behavioral economics, nor does it mean that my co-author, the distinguished legal scholar Cass Sunstein, is a behavioral economist.
I like to read the 'Financial Times' when I'm traveling. 'Economist.' 'Ad Busters.'
Before I leave for the office in the morning, I read the 'Financial Times' and the 'Economist.' The key articles I need to understand are there, after which I focus on prep for the day.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
I don't think exactly like a professional economist. I think about economics and economic ideas, but somewhat like an outsider.
Just because you read a report in the 'New York Times,' the 'Economist,' or, yes, 'The New Yorker' doesn't make it true. But we do know that a few people have evaluated that story with what strikes me as fairly objective standards of reason.
I'm no economist. I don't even play one on TV. I'm just a husband, a father, a taxpayer.
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.
I am not a politician; I've never run for anything in my life. I'm an economist. I'm a broadcaster. I've been an adviser. I worked for Ronald Reagan.
