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The economics profession includes many schools of thought–some that emphasize laissez-faire, others that emphasize centralized planning, with many admixtures in between. David Colander, an acute observer of economics who is sometimes described as the profession’s court jester, helps me identify the economic schools of thought that best exemplify the Third Way.
This episode has an accompanying article and is the Third Episode of This View of Life’s new series, “Evolution, Complexity, and the Third Way of Entrepreneurship”.
References from the Show:
12:00- Why aren’t Economists as Important as Garbagemen? by David Colander
23:30- Chaos by James Gleick