Want to get an edge in investing? Read fiction, say the authors of a new book ‘Cents and Sensibility’ – and there’s a lot economists could learn as well
It is not a truth universally acknowledged that the works of Austen and Tolstoy hold invaluable lessons for economists.
But two professors from Northwestern University and authors of the new book ‘Cents and Sensibility’ believe that economists would do well to put the numbers to one side for a minute and pick up some fiction.
On the money: Authors of the book Cents and Sensibility believe there is much economists could learn from literature – the works of Jane Austen in particular
On this episode of the Big Money Questions show Morton Schapiro, president of Northwestern University and professor of economics, and Gary Saul Morson, professor of Slavic languages and literature, make a case for putting literature on economists’ reading lists.
They explain how reading literature can also give investors an edge and suggests the types of books that they and economists should be reading.