Media:
Listen now (26 minutes 29 seconds)
Availability:
Available to listen.
Last broadcast on Sun, 3 May 2009, 07:32 on BBC World Service (see all broadcasts).
Synopsis
Richard Thaler is one of the founding fathers of a whole new branch of economics and, it's reckoned, one of the foremost intellects to have shaped the thinking of the Obama administration in Washington.
He explains why people's behaviour in a crisis is never rational, why we all need a gentle nudge to do the right thing now and then, and how giving the financial system a nudge could just get the world out of recession.
Richard Thaler
Broadcasts
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Sat 2 May 200900:32
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Sat 2 May 200904:32
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Sat 2 May 200912:32
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Sun 3 May 200907:32
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