3 ms·
I have an MBA in Finance, and after getting to the bottom of the math, it's all just bare faced gambling, dressed up with $10 words. I really wish I could say i
by bsenftner 6y ago
I have an MBA in Finance, and after getting to the bottom of the math, it's all just bare faced gambling, dressed up with $10 words. I really wish I could say it was not, but this blog analysis of the Fed and the attitude it voices is spot on. The Economists of the world are fucking idiots.
- me_me_me 6y agoI have recently finished 'Lost in Math'. And that was one of the points, apparently physicists switching to economists say math is simplistic and superflous. Math is math, but it can be used as a window dressing for you opinions. On the other hand if your field pretends to be science. Also creates and awards itself a Nobel prize and pretends its an actual thing. Well maybe its a sign of a con.
- bsenftner 6y agoTip of the iceberg: https://yalebooks.yale.edu/book/9780300249873/whats-wrong-economics https://yalebooks.yale.edu/book/9780300249873/whats-wrong-ec... There are also multiple Economist blogs lamenting the overly cruel politics of the industry.
- adwi 6y agoAgreed. When that hunch crept in I scrolled to the bio, read this, then immediately hit the back button: > [The author, in third person] is not an economist, which is probably why he's been able to develop a working model of the global monetary system. His research is unique and informative in ways an economist would never consider.
- perl4ever 6y ago>I have an MBA in Finance, and after getting to the bottom of the math There is a distinction between an MBA or finance degree and the field of economics. You might not have gotten quite to the bottom of it. Of course financial activity has a lot of resemblance to gambling. Mathematicians have been analyzing gambling for a long time, but does that make them the same as anyone playing slots in Vegas?