Vikas Shah MBE Interviews the world's leading thinkers, and the people shaping the century.

“Macroeconomics has not done well in recent years…” writes Nobel Laureate Joseph E. Stiglitz, “The standard models didn’t predict the Great Recession; and even said it couldn’t happen. After the bubble burst, the models did not predict the full consequences.”  In a hugely relevant recent paper titled “Reconstructing Macroeconomic Theory…

Thought Economics

Each and every year, I have the pleasure of judging at the Rice Business Plan Competition. Tens of thousands of enterprising students from around the world compete, with a handful making it to the finals in Houston, Texas. At this incredible event, student entrepreneurs pitch to the crème-de-la-crème of global…

Thought Economics

In this exclusive series of interviews, we speak to Javed Abidi (Chair, Disabled People’s International DPI), Sir Philip Craven MBE (President, International Paralympic Committee IPC) and Professor Hugh Herr (Head of the Biomechatronics research group at MIT Media Lab and Founder of BiOM Inc). We discuss the human rights and social injustices faced by the those living with impairments and disabilities around the world, look at issues ranging from economics and politics to culture and sport and discuss opportunities for the future and whether technology could even end disability.

Thought Economics

Money is a strange phenomenon. Our modern notion of it mean that (in essence) it is intrinsically useless apart from as a medium of exchange. Our government, regulators, law and communities agree that phenomena (whether a physical banknote or an electronic ledger such as a bank account) have certain value,…

Thought Economics

  Many of recent history’s most significant market events have manifest in what was (previously) the extreme of the market.  These “bubbles” and “crashes” follow power laws, meaning that (in theory) they could reach any size and fundamentally threaten the functionality of the entire financial system. Typical central-bank and policy…

Thought Economics

It’s quite conceivable that the grandparents (or even parents) of the future will be  made to feel even more archaic as the young of that generation look at them quizzically and state “…are you serious? You used to use bits of paper as money?!” Money is a cultural abstract.   It…

Thought Economics

In these exclusive interviews, we speak to Dr. Julio Frenk (Dean of the Harvard School of Public Health, and former Minister of Health of Mexico), Sir Richard Thompson (President of the Royal College of Physicians), Baron Peter Piot (Director of the London School of Hygiene and Tropical Medicine) and Dame Sally Davies (The United Kingdom’s Chief Medical Officer). We talk about the concept of public health, the most important health challenges the world currently faces, and opportunities for the future.

Thought Economics

The perception that we learn from our mistakes is just one in a long-list of cognitive and behavioural biases that exist in the human mind. As WIRED reported in 2009, “Researchers from MIT have shown that the brain learns more after a success than a failure. This study indicates, contrary…

Thought Economics

To really understand how economies behave, we must therefore understand the psychology of entrepreneurs and other key market participants.  To learn more, I spoke with Professor Daniel Kahneman, who is widely regarded as being the world’s most influential living psychologist.  In 2002 he was awarded the Nobel Prize in Economics “for having integrated insights from psychological research into economic science, especially concerning human judgment and decision-making under uncertainty”, work he undertook with the late Amos Tversky.   Kahneman is a Senior Scholar at the Woodrow Wilson School of Public and International Affairs at Princeton.

Thought Economics

In this exclusive interview, we speak with Prof. Jill Tarter (Co-Founder and Bernard M. Oliver Chair of the SETI Institute). We discuss her lifelong work with the Search for Extraterrestrial Intelligence (SETI) Institute and look at mankind’s quest to answer the fundamental question of whether we are alone in the universe.

Thought Economics

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