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“They say historians peak in their 50s, once they’ve accumulated enough knowledge and wisdom to know what to look for,” says Mr. Rogoff. “By contrast, economists seem to peak much earlier. It’s hard to find an important paper written by an economist after 40.” Anybody has pointers to where this data comes from? What about other professions?
--The book talks about the 18th -20th century versions of all the problems we face now--currency devaluation, fiat currencies, and excessive borrowing. While the book talks broadly about the last 800 years of "folly", most of the data is the last few hundred years or so simply because records were not as developed. --It's really more of a statistical assay than it is a history book. There are several parts where they…
I bet everyone wishes we had some of these. It’s not at all clear to me that hard and fast rules are possible, or if they were, that the widespread knowledge therof wouldn’t invalidate them by changing the society/market.
“They say historians peak in their 50s, once they’ve accumulated enough knowledge and wisdom to know what to look for,” says Mr. Rogoff. “By contrast, economists seem to peak much earlier. It’s hard to find an important paper written by an economist after 40.” Anybody has pointers to where this data comes from? What about other professions?
Mathematics. See the Fields Medal.
Earlier quoted context omitted.
Mathematics. See the Fields Medal.
I belief the Fields Medal is not only given to people below 40 b/c there are no older people deserving; I belief it is given to younger people b/c they can most benefit from getting such recognition.
A candidate's 40th birthday must not occur before January 1st of the year of the Congress at which the Fields Medals are awarded.