Knowing and Making

Notes and some videos on what sounds like a brilliant course at Edge last year on behavioural economics, with Thaler, Kahneman and Mullainathan as speakers - and just look at the attendees! Thoughts from Felix Salmon (also click through to the more detailed Wine Economics article he references) about one of my favourite subjects: how cognitive biases influence our willingness-to-pay for wine. Useful comments from Charles Goodhart in the FT about the money multiplier - I suggest you read this as preparation for an article I'm writing on self-fulfilling expectations and the money supply. Mark Thoma's link  to  Paul de Grauwe's paper , " Top-down versus bottom-up macroeconomics " [PDF] which says some powerful things about limitations on knowledge and the consequences for rational expectations theory. And Steve Randy Waldman's Interfluidity blog has moved - updated link in the right-hand column and here .