Poor Pit. Not to pull my R's upon my return from Japan, it does seem
odd though, for billionaires(and
corporations) for free speech not wanting their names known for fear of bullying. The pity is in the pendulum of
victim hoods. Not to mention[*] the other slap shot at
robustness.
[*]10-14-10 My sarcasm might be too subtle here, in that the
Poor link(above) on Taleb's Robustness may be a slightly slanted perspective of economics from the business perspective. The Business Insider might be no more than a blog or astro bagger in terms of its criticism or incomprehesion of
Taleb's theories. Taleb online
The New Yorker under my
usual meanderings. I would also suggest whether Bernanke has read Taleb or not, he should explain that there has not been a replacement for Keynesian economics, and that the government has a role to play or the balance will continue to teeter for the moneyed rather than the purposeful. On the other hand this may just be an incompresible way of saying that unless Taleb is understood and improved upon, we can suffice with continued tinkering as long as it is with purpose and for the people. Unfortunately this may be a
bigger task than
understanding Taleb. What I allude or have links here to, are the international and comprehensive nature of economics evolution. And simply put, the economy must not fall off the wall, but work on the wall must be comprehensive if not wholistic. If I may reiterate my
tetrahedron of physics, psychology, philosophy and politics ofor purpose. The pinnacle of the project is the purpose of the structure and the process that works whatever is intended** to work.
** And I have not intentionally left "we" out of this, but it puts politics, religion and economics as part of the process not the purpose, or the be all and end all, intended or not.
[At the risk of further incomprehensiveness, I suggest that the administration is doing what it can short of a complete replacement of Keynesian economics, otherwise know as my Egg/Wall metaphor, while Taleb's approach may be just the thing as a goal. There are natural laws, and they must be worked with or they will be against us all. See tetrahedron not
theology.]