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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?



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
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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
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