generally if people are uniformly wrong about something in economics and you are right the clearest way to prove it is by using your superior knowledge to take their money from them. its p hardcore and its correct.
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if you cant use your idea about markets to make money by contrast your idea is probably garbage
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so this was cowen calling him out. pure old school shit. and weinstein choked hard, just pussied out
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My understanding was that economics is pretty much entirely woo and sometimes, one school lucks out and wins by mere chance and then teabags the other schools for a few years until it turns out it was just chance, after all, and then the next school gets a shot?
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its complicated microeconomics which is most of the field is great on the theory side but struggles in specific parameter estimates so certain classes of prediction, and all precise predictions, are hard macroeconomics is kind of a big mess
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If only they had a theory of prices amirite
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thanks now im mad about that again
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Replying to @eigenrobot @leepavelich and
If only one could know what lagrange multipliers meant rip
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Replying to @GuilleAngeris @eigenrobot and
My problem is - I occasionally read some of these guys on my TL and it seems like a lot of them are pretending to be a true psychohistorian and yet meander around at most at mere standard wealth. But maybe Hari Seldonhood is simply impossible? But then… why do economics?
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Replying to @skore_de @GuilleAngeris and
Could economic theory be replaced with "Economic History of shit that we know went Real Bad so let's at least not do that again"?
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we keep trying to suggest this to people but theres a reason the bad things keep happening over and over in incredibly predictable ways
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Replying to @Duderichy @eigenrobot and
I don't understand this tweet but I will "like" it if Eigen likes it, just to make sure I copy the Right ingroup behavior.
2 replies 0 retweets 14 likes - Show replies
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