Welcome to Econ Talk, part of the Library of Economics and Liberty.

I'm your host, Russ Roberts of Stanford University's Hoover Institution.

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Today is June 17th, 2020, and I have two guests today, economist and author,

Mervyn King, who served as governor of the Central Bank of England, from 2003 to 2013,

and economist and author John Kay. Together they are the authors of radical uncertainty,

decision making without the numbers. Mervyn and John welcome to Econ Talk.

Let's be with you.

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I have to confess that I read this book, Radical Uncertainty, with some trepidation.

As listeners may have heard, I am writing a book on decision making and data,

and I could have used this title, now it's gone, although titles aren't copyrighted,

at least in America, because I could just steal it. I won't tell them, no, I am relieved

that the book that you have written and the one I'd like to write or in the middle of

are not quite the same. This is a very interesting look at decision making

under uncertainty, as well as an indictment of much of the way economics is practiced.

...