THE KOREA ECONOMIC DAILY, GLOBAL EDITION

I recently was asked by Patrick Schotanus of Edinburgh Business School to participate in their inaugural symposium on the subject of cognitive economics. The symposium took place at Panmure House, the final residence of the great economist Adam Smith, and the theme was the Market Mind Hypothesis (MMH), which Patrick developed. I spent an hour recording a video interview with him, which on May 24 was shown at the symposium and followed by a live question-and-answer session. We then used software to create a transcript of the taped interview. I’ve edited it only to make my remarks more intelligible and less painful to read (without changing their message); any serious additions are shown in brackets.

While little of my content is totally new (in fact, you might recognize some thoughts that I went on to incorporate in Bull ...