A Conversation with Nobel Laureate John Nash: Reflections on the Impact of the Prize and the Future of Economics

🏆Winning the Nobel Prize had a tremendous impact on Nash's life, especially considering he was unemployed and in good health at the time.

🌍Nash expresses concern over the quality of money and observes the differences in money systems, such as the transition from the lira to the euro in Italy.

📈Nash discusses his ongoing research in game theory and the potential for further advancements in the field.

🎓He highlights the importance of mathematics in economics and advises young students to focus on foundational knowledge.

🌐While acknowledging societal issues, Nash urges individuals to consider a broader historical perspective and acknowledges that opinions on these topics may differ.

How did winning the Nobel Prize impact Nash's life?

—Winning the Nobel Prize had a tremendous impact on Nash's life, especially considering he was unemployed and in good health at the time. It brought recognition and opportunities for him to further his research.

What is Nash currently researching?

—Nash is currently focusing on game theory and its potential applications. He has recently published a paper on money and is working on further developing his ideas in this area.

What role does mathematics play in economics?

—Nash emphasizes the importance of mathematics in economics, noting that economists who use more mathematics tend to be more respected. He advises young students to develop strong mathematical skills.

What advice does Nash have for young economics students?

—Nash advises young students to focus on learning foundational knowledge that has enduring scientific value, rather than following current trends or popular opinions.

Does Nash have any concerns about wealth disparity and budget deficits?

—While acknowledging these issues, Nash encourages individuals to consider a broader historical perspective and recognizes that there may be differing opinions on these topics.

00:07In this interview, professor John Nash reflects on the impact of winning the Nobel Prize and discusses future research topics.

03:41Nash expresses concern over the quality of money and observes the differences in money systems.

05:02Nash discusses his ongoing research in game theory and the potential for advancements in the field.

09:02He highlights the importance of mathematics in economics and advises young students to focus on foundational knowledge.

12:10While acknowledging societal issues, Nash urges individuals to consider a broader historical perspective and acknowledges that opinions on these topics may differ.