wishing you were here...
Nassim Nicholas Taleb is a very interesting writer. He condemns journalists, which puts him on the side of the angels there if I am the judge, but he also condemns economists. And that could be painting with too broad a brush, as far as Im concerned.
However, Taleb calls Adam Smith a philosopher rather than an economist, and he provides mathematics which seems to justify his low opinion of some of economics. And for that matter, there is in fact an entire branch of economics called Macroeconomics which I consider pure BS.
I would love to see Thomas Sowell and Nassim Taleb critique each others work.
I am constantly having to deal with elitists who think that their centralized control plans, for which they often claim to have "data," are superior to common sense plans which rely more on "free market" principles.
"How cool -- let's suddenly 'transform medicine' into our 'vision' of 'the patient centered medical home.'"
In essence they ignore fragility in their elitist "best laid plans" and also ignore the anti-fragility built into and enhanced by free market approaches, which automatically take much of the approach Talib advocates, including pre-defining who takes the brunt of the "risks," choosing simplicity when possible, ceding weight to tried and true methods, etc. etc.