Frank Knight’s spin on Hume’s induction paradox.
Brilliant observation from Knight’s Risk Uncertainty and Profit: “We live in a world full of contradiction and paradox, a fact
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Amar Bhidé
Author of Uncertainty and Enterprise: Venturing Beyond the Known
Making Economics More Useful. Final typeset version posted.
The compositor has sent the “final” version of Making Economics More Useful: How Technological Eclecticism Could Help (though the official
Read MoreEnding Repo Madness (Wall Street Journal oped)
A Swedish friend, employed in New York by a famously prudent Swedish bank, kindly invited me to lunch last month.
Read MoreQuestions about the practical utility of Randomized Control Trials
I got a “revise and resubmit” for my paper on making economics more useful on the very day the Nobel
Read MoreJust completed case-history of Coronary Artery Bypass Grafting (CABG)
Srikant Datar, Fabio Villa, and I are happy (and relieved) to complete this case history on the evolution of coronary
Read MoreRe-reading Chandler’s Strategy and Structure
While preparing for for my practical knowledge seminar last week I saw something in Chandler that had been hiding in
Read MoreA Pragmatic Libertarian’s Angst about Immigration (Project Syndicate oped)
I am a staunch free-trader with strong but pragmatic libertarian leanings. I am also an immigrant (of “color” in the
Read MoreIn Praise of Market Volatility (WSJ Oped)
Talking heads on “financial” TV channels have always provided “infotainment” — information so blended with entertainment that you couldn’t tell
Read MoreThe Zero Percent solution (WSJ Oped + Tribute to Volcker)
Paul Volcker’s critique of 2% inflation targets in his recent memoir spurred me to write this oped just published in
Read MoreSkepticism as Antidote to Fake News (Wall Street Journal op-ed)
The WSJ op-ed reflects my ingrained First Amendment-absolutism: fake news will always be with us and any remedy is likely
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