A few months ago, I had the pleasure of interviewing Mihir Desai, author of The Wisdom of Finance. He used great works of literature to show how the rules of finance could play out in peoples lives, and to make those rules less distant and incomprehensible.
Gary Saul Morson and Morton Schapiro go a step further and argue that great literature has something to teach the economists hiding behind their rigid formulas and Spock-like utility maximizing rational actors. Good judgment, they write, “cannot be reduced to any theory or set of rules.”
Listen to the interview here