Chapter 6: DER FOX AND DER HEDGEHURG Flashcards
1
Q
What the bloody fuck is a fox?
A
An economist who considers many ideas and does not generalize. They accept the complexities of the global financial system and do not subscribe to a single large idea.
2
Q
What in the name of tarnation is a Hedgehog?
A
An economist that has one central idea, which they believe is the best solution. They see the world exclusively through that idea and overlook complexities and exceptions.
