Bill Gates takes a dim view of economists’ ability to know what’s going on in the economy. “Too bad economists don’t actually understand macroeconomics,” the Microsoft co-founder noted during a recent interview with Quartz. You won’t get a consensus between economists quite the way that if you dropped a ball out your window and called up physicists and asked, ‘What the hell happened?’ There’s so many factors including what [economist John Maynard] Keynes called ‘animal spirits’ in the economic equation that we don’t have predictability. Read More...
Bill Gates: “Economists don’t actually understand macroeconomics”
Bill Gates takes a dim view of economists’ ability to know what’s going on in the economy. “Too bad economists don’t actually understand macroeconomics,” the Microsoft co-founder noted during a recent interview with Quartz. You won’t get a consensus between economists quite the way that if you dropped a ball out your window and called up physicists and asked, ‘What the hell happened?’ There’s so many factors including what [economist John Maynard] Keynes called ‘animal spirits’ in the economic equation that we don’t have predictability.
Add Comment