Rima Grace

And she was right.

And she was right.

She listed some names I had not, in fact, heard of, and I cover economics for a living.

She listed some names I had not, in fact, heard of, and I cover economics for a living.

They really start to use words like scarcity and utility, words that sound a bit more clinical.

They really start to use words like scarcity and utility, words that sound a bit more clinical.

Gonzalo Fonseca at the Institute for New Economic Thinking brings us to stop number three in the 1900s.

Gonzalo Fonseca at the Institute for New Economic Thinking brings us to stop number three in the 1900s.

A lot of these come from the Great Depression, which was a huge turning point for the economics profession, both in terms of what economists measure and how they talk about the economy.

A lot of these come from the Great Depression, which was a huge turning point for the economics profession, both in terms of what economists measure and how they talk about the economy.

And that inventing isn't done.

And that inventing isn't done.

Here's Matthias Vernengo at Bucknell again.

Here's Matthias Vernengo at Bucknell again.

For example, think about labor market vocab.

For example, think about labor market vocab.

We use the word churn to describe the rate at which people are replaced in an industry.

We use the word churn to describe the rate at which people are replaced in an industry.

Now, if you think that feels too detached from the actual human experience of, say, losing a job, you're not alone.

Now, if you think that feels too detached from the actual human experience of, say, losing a job, you're not alone.