Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Thursday, February 11, 2010
The World's Most Dangerous Economist
One regularly sees polls like this one, listing the leading lights of the profession and their greater and lesser degrees of culpability for the crisis of the day. But they almost always assume that economists are only dangerous to your wallet, which is sadly no longer the case; Robert Auman, Nobel Laureate 2005 and a game theorist, has been an advisor to the Israeli government for years on strategic aspects of dealing with negotiations with the Palestinians. I humbly suggest that these have been a much bigger disaster than anything Long Term Capital Management did with money that rich people could afford to lose.
Aumann shared the 2005 Nobel with Thomas Schelling, theorist of strategic deterrence. Deterrence was, of course, economics' "Purple Rain" - the big success that convinced economists that they could do anything, and led to all manner of hubris and ill-advised projects.
this item posted by the management 2/11/2010 11:51:00 PM