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Federal Reserve Bank of Richmond
Econ Focus
Interview: Jean Tirole
David A. Price
Abstract

French economist Jean Tirole, recipient of the 2014 Nobel Memorial Prize in Economic Sciences, sees a close similarity between economics and the "caring profession" of medicine. "The economist," he contended in his recent book Economics for the Common Good, "like the oncologist, makes a diagnosis on the basis of the best available (though necessarily imperfect) knowledge, and then either proposes the most suitable treatment on that basis or no treatment at all, if none seems necessary."


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David A. Price, "Interview: Jean Tirole" , Federal Reserve Bank of Richmond, Econ Focus, issue 4Q, pages 22-27, 2017.
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