« That age – which includes such historically important figures as Arrow’s fellow Nobel laureates Paul Samuelson and Gary Becker – represented a development and

« That age – which includes such historically important figures as Arrow’s fellow Nobel laureates Paul Samuelson and Gary Becker – represented a development and expansion of formal economic theory that brought unprecedented precision to the logical foundations of social science. » And here we are, picking the fruits of this golden age of unprecedented precision. With a mountain of record low-yielding debt serving as the backbone for a mountain range of derivatives and synthetic products. With low savings and with record public participation in investments. Because the infomercials say the risk^D^D^D^Dvolatility is controlled by science and computers n shit.