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4: Timur Kuran - The Economics of Revolution and Mass Deception (view source)
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What if everything we are taught in Economics 101 is not only wrong, but may even be setting us up for populism, dictatorship or revolution? On this episode of The Portal, Eric is joined by renegade economist and professor [[Timur Kuran]] whose theory of | What if everything we are taught in Economics 101 is not only wrong, but may even be setting us up for populism, dictatorship, or revolution? On this episode of ''The Portal'', Eric is joined by renegade economist and professor [[Timur Kuran]], whose [https://en.wikipedia.org/wiki/Preference_falsification theory of Preference Falsification] appears to explain the worldwide surge towards populism and is now threatening to rewrite the core tenets of modern economics. | ||
What happens when entire societies of individuals lie to themselves and to each other? Does it set the stage for revolutions? If you've wondered what force is sweeping the planet towards a mysterious populism bringing Brexit, Trump and other improbable phenomena out of the shadows, then this your portal to a new economics of black markets in truth, authenticity and hidden desires. | What happens when entire societies of individuals lie to themselves and to each other? Does it set the stage for revolutions? If you've wondered what force is sweeping the planet towards a mysterious populism bringing Brexit, Trump, and other improbable phenomena out of the shadows, then this your portal to a new economics of black markets in truth, authenticity, and hidden desires. | ||
Timur Kuran could well be the most important economist you've never heard of. | |||
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'''Eric Weinstein 0:21 - ''' | '''Eric Weinstein 0:21 - ''' | ||
Welcome, you found | Welcome, you found ''The Portal''. I'm your host, Eric Weinstein. And today we have something that I think is going to be very interesting for many of you. We are happy to have a guest that I've been looking forward to meeting for quite some time, has been a personal intellectual hero of mine. And he is the gorder family professor of Islamic Studies, a professor of economics and also a professor of political science all at Duke University. So welcome harsh coldness to our esteemed colleague, Dr. Timur Kuran, | ||
'''Timur Kuran 0:52 - ''' | '''Timur Kuran 0:52 - ''' | ||