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Ep. 423: Angus Deaton Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Nobel Prize for Economics

The almost ideal demand system was a solution to a technical problem. It solved more problems than we were actually looking at it, he says. The way people responded to prices with how you could read off their well-being or their welfare has always been a central question in economics. "We didn't invent a motor car, but we put nice moving parts with it"

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