4 ms·

I've met a lot of academics that think like this. I find them terrifying in their inability to recognize adverse feedback loops. I'll keep my paper, thank you.

• adevine 10y ago
  Reminds me of the Euro. Was blessed as such a grand simplifying project by academics and technocrats in the late 90s, and critics were often dismissed conspiracy theorists.
  • digi_owl 10y ago
    Various people still love the Euro. Mostly though it is those that can pack up their laptop and credit card and work from anywhere with a internet connection. Oh and the businesses trading across EU's internal borders. The crazy part is how those nations with the biggest problems right now are those that followed the Euro requirements most closely. While the biggest offender is the one swinging the punishment stick...
• digi_owl 10y ago
  Economists in particular seems to have a willful blindness to feedback loops.
  • pdkl95 10y ago
    "Understanding economics well impedes an understanding the economy." -- Yanis Varoufakis https://www.youtube.com/watch?v=L5AUAIzciLE#t=1355 https://www.youtube.com/watch?v=L5AUAIzciLE#t=1355
    • digi_owl 10y ago
      I just wish he would wise up regarding EU...
    • Noseshine 10y ago
      Well-known economist (public speaker and author) Ha-Joon Chang [0] says something very similar, here is the "RSA animate" short version: https://www.youtube.com/watch?v=NdbbcO35arw https://www.youtube.com/watch?v=NdbbcO35arw My version: The deeper you go with your models the more you lose sight of the big picture, until you end up with crazy sophisticated mathematical models - that don't model reality (meaning not even relevant reality, apart from small well-defined sub-problems). [0] https://en.wikipedia.org/wiki/Ha-Joon_Chang https://en.wikipedia.org/wiki/Ha-Joon_Chang
      • digi_owl 10y ago
        Interesting, i didn't know there was still new RSA animates made.