3 ms·

This is unfortunately a very bad lecture. Let me list why: * Nash ignores the field of monetary economics and tries to re-invent the wheel. * He justifies his

by dimitar 11y ago

This is unfortunately a very bad lecture. Let me list why: * Nash ignores the field of monetary economics and tries to re-invent the wheel. * He justifies his ignorance of existing work because it is influenced by "Keynesians" who are bad, because, well just because. * He apparently doesn't like "printing money", but he doesn't critique monetary policy at all. * There is no rigorous model of anything. * Worst of all he has shown no empirical evidence for anything. The lecture is really a lot of handwaving. This is not his field. Read him on game theory please.

realquick81 11y ago
He's got a staggering IQ and you think he dismisses Keynesians "just because"? When cleverer people than me state something, I listen, and do my research.
- jipsom 11y ago
  ha me and you dude! but no one else on the net!
  - realquick81 11y ago
    Keynes is the Jesus of leftist atheists. They never question him, they don't want to know what others said about him and how those around perceived him, and most importantly, they don't want to actually study his teachings, only as presented by vicars (those speaking on behalf of Keynes). Because of course, just like the best antidote against a religion is its holy book, the best antidote against Keynesianism is reading Keynes.
    - jipsom 11y ago
      Nash says something like "even post keyensians" are really just Keynesians, which is funny but also shows how radically and tangentially he is thinking. https://www.youtube.com/watch?v=Je22xKQekCk https://www.youtube.com/watch?v=Je22xKQekCk Whats most significant and interesting here is that he came up with the concept of ideal money in the 60's when he was labelled paranoid delusional and fled to Europe.
jipsom 11y ago
there are 10+ lectures and papers on the subject. The very first lecture starts with: >Money can be recognized as a technological development comparable to the wheel and of similar antiquity. Nash proposes we can use science and reason to rationally evolve the circumstances and underlying tech that is money. There is a specific paragraph in which he explains Keynesian banking is central banking. He doesn't say he doesn't like printing money, he notes the relationship between supply and the quality. And that by controlling supply you can control quality. There is no rigorous model for your eyes but if you know ANYTHING about this mans work you could be rest assured that he is thinking of something incredibly accurate and technological. Here is his basic concept for a network of computers designed as a future ai system that we haven't reached yet: http://web.math.princeton.edu/jfnj/texts_and_graphics/Main.Content/Various_Etc./RAND/k1361.a20 http://web.math.princeton.edu/jfnj/texts_and_graphics/Main.C... Nash designed that in the 50's In Ideal Money Nash proposes that the advant of an electronic money in the form of a stably issued money supply will asymptotically take the power out of governments and central banks to print money. You sir, are simply oblivious to reality. Read it again! Btw Nash's solutions and triumphs in game theory from 70 years ago are MASSIVE contributions to not only economics but nearly all sciences: http://www.eecs.harvard.edu/cs286r/courses/spring02/papers/nash50a.pdf http://www.eecs.harvard.edu/cs286r/courses/spring02/papers/n...
- skilesare 11y ago
  Any idea on where one can find the whole corpus of what Nash put together? I've seen the paper and the youtube, but that is most of what I can find.
  - jipsom 11y ago
    Here is the best I could put together: https://thewealthofchips.wordpress.com/2015/05/07/the-levation-of-ideal-money/ https://thewealthofchips.wordpress.com/2015/05/07/the-levati... My understanding: https://thewealthofchips.wordpress.com/2015/07/09/the-totality-of-the-proposal-ideal-money/ https://thewealthofchips.wordpress.com/2015/07/09/the-totali... A summary: https://thewealthofchips.wordpress.com/2015/07/12/a-general-summary-for-john-nashs-proposal-ideal-money/ https://thewealthofchips.wordpress.com/2015/07/12/a-general-... I've put together the best and most relevant quotes I could in relation to emerging economics. But otherwise there is nothing put together. Ideal Money the 8 page lecture is the real treasure but its very dense if you really go into the meaning of everything.

by dimitar 11y ago

realquick81 11y ago

He's got a staggering IQ and you think he dismisses Keynesians "just because"? When cleverer people than me state something, I listen, and do my research.

jipsom 11y ago
ha me and you dude! but no one else on the net!
- realquick81 11y ago
  Keynes is the Jesus of leftist atheists. They never question him, they don't want to know what others said about him and how those around perceived him, and most importantly, they don't want to actually study his teachings, only as presented by vicars (those speaking on behalf of Keynes). Because of course, just like the best antidote against a religion is its holy book, the best antidote against Keynesianism is reading Keynes.
  - jipsom 11y ago
    Nash says something like "even post keyensians" are really just Keynesians, which is funny but also shows how radically and tangentially he is thinking. https://www.youtube.com/watch?v=Je22xKQekCk https://www.youtube.com/watch?v=Je22xKQekCk Whats most significant and interesting here is that he came up with the concept of ideal money in the 60's when he was labelled paranoid delusional and fled to Europe.

jipsom 11y ago

there are 10+ lectures and papers on the subject. The very first lecture starts with: >Money can be recognized as a technological development comparable to the wheel and of similar antiquity. Nash proposes we can use science and reason to rationally evolve the circumstances and underlying tech that is money. There is a specific paragraph in which he explains Keynesian banking is central banking. He doesn't say he doesn't like printing money, he notes the relationship between supply and the quality. And that by controlling supply you can control quality. There is no rigorous model for your eyes but if you know ANYTHING about this mans work you could be rest assured that he is thinking of something incredibly accurate and technological. Here is his basic concept for a network of computers designed as a future ai system that we haven't reached yet: http://web.math.princeton.edu/jfnj/texts_and_graphics/Main.Content/Various_Etc./RAND/k1361.a20 http://web.math.princeton.edu/jfnj/texts_and_graphics/Main.C... Nash designed that in the 50's In Ideal Money Nash proposes that the advant of an electronic money in the form of a stably issued money supply will asymptotically take the power out of governments and central banks to print money. You sir, are simply oblivious to reality. Read it again! Btw Nash's solutions and triumphs in game theory from 70 years ago are MASSIVE contributions to not only economics but nearly all sciences: http://www.eecs.harvard.edu/cs286r/courses/spring02/papers/nash50a.pdf http://www.eecs.harvard.edu/cs286r/courses/spring02/papers/n...

skilesare 11y ago
Any idea on where one can find the whole corpus of what Nash put together? I've seen the paper and the youtube, but that is most of what I can find.
- jipsom 11y ago
  Here is the best I could put together: https://thewealthofchips.wordpress.com/2015/05/07/the-levation-of-ideal-money/ https://thewealthofchips.wordpress.com/2015/05/07/the-levati... My understanding: https://thewealthofchips.wordpress.com/2015/07/09/the-totality-of-the-proposal-ideal-money/ https://thewealthofchips.wordpress.com/2015/07/09/the-totali... A summary: https://thewealthofchips.wordpress.com/2015/07/12/a-general-summary-for-john-nashs-proposal-ideal-money/ https://thewealthofchips.wordpress.com/2015/07/12/a-general-... I've put together the best and most relevant quotes I could in relation to emerging economics. But otherwise there is nothing put together. Ideal Money the 8 page lecture is the real treasure but its very dense if you really go into the meaning of everything.