The author of ‘A Beautiful Mind’ on the life and death of John Nash

Q: What has been the most concrete application of his ideas?

SN: I think the biggest and most concrete impact has been in Federal Reserve policy, which now really revolves around managing expectations of both companies and consumers and other central banks. It’s become strategic, rather than we’re going to turn the dial here and there, and that’s it….

Those remarks by Nash have been somewhat misinterpreted or taken out of context. He got sick at 30. He was never in treatment after age 40. That is 1970. No medication, nothing. He didn’t will his way to recovery. What he called it was aging out of it. He thought the hormonal changes had something to do with this recovery. This is almost certainly true. When he talked about managing the delusions, that is what cognitive therapy and behavioral therapy are all about. He’s not talking about willing away the illness. He would never do that because he was dealing with his son.


Despre Claudiu Degeratu
Expert in securitate nationala, internationala, NATO, UE, aparare si studii strategice

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