[[{“value”:”Here is the audio, video, and transcript. Excerpt: COWEN: You grew up in Northwest Territories and also Alberta, so western Canada. How do you think that’s shaped your perspective on economies? CARNEY: Well, the big thing I took from my time in Alberta is just, I mean, it made me a market believer because I’ll give you
The post Redux, my 2021 Conversation with Mark Carney appeared first on Marginal REVOLUTION.”}]]
Here is the audio, video, and transcript. Excerpt:
COWEN: You grew up in Northwest Territories and also Alberta, so western Canada. How do you think that’s shaped your perspective on economies?
CARNEY: Well, the big thing I took from my time in Alberta is just, I mean, it made me a market believer because I’ll give you an example. I was born just north of what was then known as the tar sands, now known as the oil sands, this huge deposit of oil which was virtually impossible to get out of the ground, economically. It was sitting there literally on the surface, but to separate it from the sand was difficult. Very quickly over the course of as I was growing up, by the time I was an adult, the issue had been cracked. The ability to innovate and make a profit out of an opportunity.
COWEN: Your PhD thesis was called The Dynamic Advantage of Competition. Writing that thesis, what did you learn, not about the topic but about yourself?
CARNEY: I learned that I exhausted my capacity and desire to do game theory. In the end, the models were game theoretic. The explanations were rooted in case studies and some econometrics, but the models were formulized from a game theory perspective. I also learned that I wanted to do policy at some point as well.
There is much more at the link.
The post Redux, my 2021 Conversation with Mark Carney appeared first on Marginal REVOLUTION.
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