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“Should economists be advocates or engineers?” asks Noah Smith. Tradeoffs reveal how reliably they perform as either. Smith worries that his trade’s “engineering” aspects are being sacrificed for “political advocacy” […]
MILAN – Despite China’s widely discussed economic slowdown, annual GDP growth remains above 7%, implying little cause for alarm – at least for now. The question is whether the government’s […]
The odds of a large scale terrorist attack were low before that fateful day, and remain low now. But risk perception isn’t just a matter of the probabilities. It’s how the risk feels, and any risk that feels like a risk to you feels scarier than a risk that only endangers somebody else.