Robert Shiller, 03 April 2017

The word post-truth is a new addition to the English language in 2016. In this video, Robert Shiller advocates narrative economics: economics that respect the importance of changing narratives.

Charles Manski, 24 December 2016

Exact predictions of policy outcomes and estimates of the state of the economy are routine; expressions of uncertainty are rare. This column argues that with the US approaching the beginning of an administration, the incredible certitude of past governmental policy analysis will soon seem a minor concern relative to what lies ahead.  Whereas analysis with incredible certitude makes predictions and estimates that are possibly true, analysis in a post-truth world makes predictions and estimates that are clearly false.

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