the.com/economist
Someone who assumes people are rational, then spends a career explaining why they aren't.
means An expert who studies how people, businesses, and societies produce, trade, and use scarce resources — and who gets paid to predict what they'll do next.
from From Greek oikonomos, 'household manager' — oikos ('house') plus nemein ('to manage, allot'). The Greeks used it for running a household or estate efficiently; the word drifted outward over centuries from managing one house to theorizing about the wealth of nations, picking up its modern '-ist' (practitioner of a discipline) along the way.
- nobel oddity
- the prize isn't an original Nobel, banks funded it later
- forecasting record
- predicted 9 of the last 5 recessions, famously
- running joke
- ask two economists, get three opinions
- core skill
- explaining yesterday's news with total confidence