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Has this person made a ton of money investing or otherwise deploying their economic theories? If not, then it's likely the falsehoods are on their end. "Econom

Has this person made a ton of money investing or otherwise deploying their economic theories? If not, then it's likely the falsehoods are on their end. "Economics is morally neutral." Of course they are. Unless the author is implying that they are some sort of moral arbiter or religious I'm not sure how they would judge this anyway. "Economics is racially- and gender-neutral." Citation needed. "The efficient markets hypothesis is true." By all means try to outsmart the market, then come back to us and report your results.

lenticular 8y ago
The efficient market hypothesis almost never actually holds. Ask any economist.
- malvosenior 8y ago
  Only when regulation stops it from being efficient.
throwawaymath 8y ago
> Has this person made a ton of money investing or otherwise deploying their economic theories? If not, then it's likely the falsehoods are on their end. This is a terrible heuristic for deciding if someone understands economics. Economics is far more nuanced than that, and it's very possible to be able to show something non-constructively.
- malvosenior 8y ago
  If you truly understand a system you should be able to navigate it successfully. I certainly wouldn't take advice from someone who can't quantifiably show that they know what they're talking about. That this person can't compile a convincing list with evidence just further shows that they aren't worth listening to.
  - lenticular 8y ago
    Your confidence is severely out of tune with your knowledge in this field. You can't claim you have any quantifiable knowledge either, since the EMH holds very rarely.
  - Nasrudith 8y ago
    That assumes no other preconditions apply that would prevent them from taking advantage. Knowing heavier than air flight is possible doesn't allow one to build a 747 on a desert island.
notacoward 8y ago
> Has this person made a ton of money investing or otherwise deploying their economic theories? You do know there's a difference between economics and finance, don't you? You've just illustrated the falsehood of wealth being a measure of worth. > By all means try to outsmart the market Even the very strongest forms of EMH allow for arbitrage, and that simplistic fantasy is no longer what most people mean by EMH. More common/reasonable forms of EMH also allow for information delay and asymmetry, so that being able to beat the market has little to do with market "efficiency" as economists use the term.

lenticular 8y ago

The efficient market hypothesis almost never actually holds. Ask any economist.

malvosenior 8y ago
Only when regulation stops it from being efficient.

throwawaymath 8y ago

> Has this person made a ton of money investing or otherwise deploying their economic theories? If not, then it's likely the falsehoods are on their end. This is a terrible heuristic for deciding if someone understands economics. Economics is far more nuanced than that, and it's very possible to be able to show something non-constructively.

malvosenior 8y ago
If you truly understand a system you should be able to navigate it successfully. I certainly wouldn't take advice from someone who can't quantifiably show that they know what they're talking about. That this person can't compile a convincing list with evidence just further shows that they aren't worth listening to.
- lenticular 8y ago
  Your confidence is severely out of tune with your knowledge in this field. You can't claim you have any quantifiable knowledge either, since the EMH holds very rarely.
- Nasrudith 8y ago
  That assumes no other preconditions apply that would prevent them from taking advantage. Knowing heavier than air flight is possible doesn't allow one to build a 747 on a desert island.

notacoward 8y ago

> Has this person made a ton of money investing or otherwise deploying their economic theories? You do know there's a difference between economics and finance, don't you? You've just illustrated the falsehood of wealth being a measure of worth. > By all means try to outsmart the market Even the very strongest forms of EMH allow for arbitrage, and that simplistic fantasy is no longer what most people mean by EMH. More common/reasonable forms of EMH also allow for information delay and asymmetry, so that being able to beat the market has little to do with market "efficiency" as economists use the term.