Thaler's Nobel Win is Great, Hubbard Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 9 October 2017
⏱️ 34 minutes
🧾️ Download transcript
Summary
Glenn Hubbard, the dean of Columbia University Business School, discusses Richard Thaler's "great" Nobel Prize win. Andreas Dombret, a board member at Deutsche Bundesbank, says the Basel Committee is moving closer and closer to a deal. Yale University's Robert Shiller says behavioral economics is the most important thing to happen in economics in the last 20 years. Finally, Randall Kroszner, a professor of economics at the University of Chicago's Booth School of Economics, says adding humanity into economics has been a transformation in recent years.
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| 0:00.0 | To me, context is about pattern recognition. |
| 0:02.8 | It's connecting the dots. |
| 0:04.4 | It's giving readers an ability to synthesize |
| 0:07.6 | a number of different perspectives |
| 0:09.2 | so they can understand how the greater whole works, |
| 0:12.0 | because nothing really occurs in isolation anymore. |
| 0:14.4 | I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion. |
| 0:18.0 | On our platform, we ask tough questions and solve complex problems with the facts in mind. |
| 0:23.0 | Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:44.7 | Daily, we bring you insight from the best of economics, |
| 0:47.8 | finance, investment, and international relations. |
| 0:50.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 0:58.0 | Here's what we're not going to do. I'm not going to ask Glenn Hubbard dumb questions |
| 1:07.0 | about being on the short list of the Fed. He's known me for too long to know I'm not going |
| 1:11.6 | to ask snide little questions, but we will address the |
| 1:14.8 | periphery of monetary policy as we can with the extinguished dean of the Columbia Business |
| 1:20.0 | School where he is Carson Professor of Finance. |
| 1:23.0 | At Glen Hubbard, what I know is Eric Johnson's course |
| 1:26.9 | at Columbia Business School, B-8619-001, |
| 1:31.6 | behavioral economics and decision-making will be a different course as you move forward and |
| 1:36.7 | you know you've got them now in 2017 as well. |
| 1:41.5 | Where does Richard Thaler fit in to Hubbard economics? |
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