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Nassim Nicholas Taleb on Black Swans

EconTalk

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Economists Take a Beat in the Books

Economics is largely lutic. The processes r the generate the the numbers. And our samples are are mechanistic in some dimension, mechanistic and known. But we want to be like physicists, so we have a planet and lets predict its economy. Or we have an economy and predict their growth rate over next five years. They're not the same exercises, those are not the same cause they're caused. So i think you're getting at that some somewhat when you talk about this ludic, non ludic, alutic, cosom game consit. I got a fon callat saying that there are a lot of articles now going to attack me, yes and sort of

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