Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams.

Somehow, talking to young students brings you back to reality - it should, anyway.

Some of the best theorizing comes after collecting data because then you become aware of another reality.

There is more uncertainty than usual about job futures because computers are replacing more and more human intelligence, and globalization is proceeding at an accelerating pace.

I have argued that we need livelihood insurance, which would protect people against the risk of seeing their skills and expertise no longer needed. Such insurance could be offered by the private sector.

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.

News media stimulate bubbles, since stories about them boost their audience.