The Law of the Hammer: A Volcker Shock in 2022? – Dr. James Thorne
Download this article as a PDF. “It’s burning down the house to roast the pig.” —Robert Solow, Nobel Prize Winner, Economics (1987) The concept of the “law of the hammer,” attributed to psychologist Abraham Maslow, suggests that humans can often be biased to have an over-reliance on a familiar tool. No