Tuesday, December 10, 2013

The Meanest Things Nassim Taleb Has Said About Economists

Taleb nails it as far as econometricians and Keynesian economists. From Business Insider:
  • An economist is a mixture of 1) a businessman without common sense, 2) a physicist without brain, and 3) a speculator without balls.
  • A prostitute who sells her body (temporarily) is vastly more honorable than someone who sells his opinion for promotion or job tenure.
  • The artificial gives us hangovers, the natural inverse-hangovers. The joys of post-exercise, breaking a fast, meeting a friend, helping someone in trouble, or humiliating an economist are examples of inverse hangovers. Antifragility = series of earned inverse hangovers. They don't come for free.
  • Those with brains no balls become mathematicians, those with balls no brains join the mafia, those w no balls no brains become economists.
  • To have a great day: 1) Smile at a stranger, 2) Surprise someone by saying something unexpectedly nice, 3) Give some genuine attention to an elderly, 4) Invite someone who doesn't have many friends for coffee, 5) Humiliate an economist, publicly, or create deep anxiety inside a Harvard professor.


6 comments:

  1. If you learn anything other than Austrian economics you will not learn economics ...period.

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    1. Yup. Everything else is just plain bullshit.

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  2. Who is he referring to in this quotation from the link? Joseph Stiglitz (?) and who?

    A bad driver exposed to harm would eventually die and stop killing people on the road; shielded from harm he would keep killing others ad infinitum, as if he were an economist a la JS or PK.


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    Replies
    1. Paul Krugman...and he nailed it.

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  3. Oh, duh! Of course it's Krugman!

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