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UltimApe@ultimape• over 8 years ago

Conversation between two awesome grumpy people not afraid to challenge the establishment:https://t.co/BH93AfYUF2

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12/12/2016

UltimApe@ultimape• over 8 years ago

Replying to @ultimape

"Inverse Darwinian process - the more successful economists were at creating models that said precisely nothing about capitalism..."

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12/12/2016

UltimApe@ultimape• over 8 years ago

Replying to @ultimape

"They create wonderful abstractions. Aesthetically pleasing models [...] but you don't expect to find the truth of capitalism in it's form."

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12/12/2016

UltimApe@ultimape• over 8 years ago

Replying to @ultimape

"During this unleashing, there was a need for a theoretical & ideological cover. So, I don't blame my fellow economists..."

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12/12/2016

UltimApe@ultimape• over 8 years ago

Replying to @ultimape

"for pulling the trigger [...] I blame them for providing the mathematical models—the sermons—which steadied the hands of the financiers."

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12/12/2016

UltimApe@ultimape• over 8 years ago

Replying to @ultimape

"...allowed them to believe what they were doing was perfectly OK, consistent with science, provable mathematical that it was risk-less..."

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12/12/2016

UltimApe@ultimape• over 8 years ago

Replying to @ultimape

"By fetishising mathematical models, economists turned economics into a highly paid pseudoscience"https://t.co/RDCXMBBo4s

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12/12/2016

UltimApe@ultimape• almost 8 years ago

Replying to @ultimape

The problem w/ advertising: fetishistic behavioral models of attention + not realizing the game they are playing?https://t.co/7mCZiGbutp https://t.co/zbXIzOcda1

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9/29/2017