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We have a country to turn around. This week you will nominate the most experienced executive to seek the presidency in 60 years in Mitt Romney. He has no illusions about what makes America great, and he doesn't confuse the presidency with celebrity, or loftiness with leadership. ↗
I rarely come away from presenting the 'Today' programme without some sense of regret. There is always some question that I should have asked, or some point that I should have made. This is annoying but not surprising. Perfection is hard to achieve in a three-hour live programme. ↗
Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption. ↗
