Charlie Munger on Academic Economics: Strengths and Weaknesses, Considering Interdisciplinary Needs

vutran | April 28, 2021, 7:29 a.m.

"What I’ve urged is the use of a bigger multidisciplinary bag of tricks, mastered to fluency, to help economics and everything else. And I also urged that people not be discouraged by irremovable complexity and paradox. It just adds more fun to the problems. My inspiration again is Keynes: Better roughly right than precisely wrong. And so I end by repeating what I said once before on a similar occasion. If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands."

— Charlie Munger