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Economics for Uncertain Times

RSA Event

 - 

Durham Street Auditorium, RSA House

  • Economic democracy
  • Economics and Finance
  • Cognition

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How do we visualise the future when making economic decisions? What stories do we tell ourselves to fill in the blanks when we aren’t sure what will happen, and how do we calculate the risks we are taking?

We all make decisions with an eye to the future; we form expectations, calculate likelihoods, and predict the outcomes of every action we take. But in a culture of restless innovation, we can’t always be sure that the future will resemble the past, and as the pace of change increases, we often have to make decisions based on forecasts of a future that is still being written. Richard Bronk and Jens Beckert argue for a new economics; one that understands our habits, our motivations, and the stories we tell to help navigate uncertain times.

 

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