European Tribune - Comments - Grrr... Martin Wolf still blames the Chinese for the Anglo Disease

Grrr... Martin Wolf still blames the Chinese for the Anglo Disease | 19 comments (19 topical, 0 editorial, 0 hidden)

Recently I have started to read Nassim Taleb's 'The Black Swan'. The thing I found most interesting so far, is a piece about how humans tend to build narratives around facts. 'Savings glut' and 'Promotion of debt' seem to be such narratives. Both may describe the truth, but it includes already an interpretation of what is the morally correct propensity to take debt. It is more than just facts.

Have you read Per Bak's How Nature Works?

I have mentioned Taleb in some earlier diaries. Maybe you'd like to do a review of Black Swan when you're finidhed with it?

Markets, earthquakes, multifractals, and a sales pitch on October 30th, 2007
Lazy Quote Diary: This Should Never Have Happened on December 25th, 2007
LQD: Taleb eats FT journalist for lunch on March 30th, 2008

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Wed Jun 18th, 2008 at 06:26:18 PM EST
[ Parent ]

Re: yes (none / 0)

Maybe you'd like to do a review of Black Swan when you're finidhed with it?
Sure.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Thu Jun 19th, 2008 at 09:02:17 AM EST
[ Parent ]

Grrr... Martin Wolf still blames the Chinese for the Anglo Disease | 19 comments (19 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. ET Editorial Guidelines
. Search
. Search (Google)

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
242 comments

A Star is Born
by ChrisCook - May 23
23 comments

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
6 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

Recent Diaries

The French newspaper Le Monde reports 1.5 million living the...
by Democrats Ramshield - May 27
6 comments

Socratic Economics XII: Utopian Government Finance
by Zwackus - May 25
242 comments

A Star is Born
by ChrisCook - May 23
23 comments

$1,000,000,000,00
0 or what we must remember
by Metatone - May 19
69 comments

The balance of anger and fear
by Frank Schnittger - May 17
44 comments

Stable pricing is to metaphysics as variable pricing is to...
by Upstate NY - May 16
8 comments

A little American intercine battling
by rootless2 - May 14
27 comments

Another NRW election
by DoDo - May 13
118 comments

Bundesrat saves PV (and loses Röttgen)
by DoDo - May 12
18 comments

The mainstream German Magazine Spiegel asks, has the US mixed ...
by Democrats Ramshield - May 10
27 comments

Short Term Climate Forces: Black Carbon, Methane, and...
by gmoke - May 9

Twenty days of Crisis for Cameron
by ceebs - May 9
22 comments

SYRIZA and the Eurocrats: a letter of intent
by talos - May 9
363 comments

French Parliamentary Elections: a look under the hood
by Bernard - May 8
59 comments

Sunday Train: The Rock Island Line is a Mighty Fine Iowa...
by BruceMcF - May 6
18 comments

Why haven't we had WWIII yet?
by Migeru - Apr 30
258 comments

More Diaries...

Occasional Series

Click for full list