Tag Archives: Nassim Taleb

Nassim Taleb gets the smackdown. Bill Mitchell – billy blogThose Imbecilic Keynesianisticists are loose – lock up your … whatever!Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Interesting exploration of Nassim Taleb's systematic thought and its implicitly evolutionary basis. Global Inequality The importance of Taleb’s system: from the Fourth Quadrant to the Skin in the Game Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International...

A few days ago, Unlearning Economics twitted a link to an article on "The 17 equations that changed the world." Only one was an economic equation, The Black-Scholes one, and in all fairness it did not change the world, and is not even a central one in economics. First of all, Nassim Taleb has argued convincingly (for example, here) that Black, Scholes and Merton did not invent the formula, and what they really did was to provide a theoretical justification that was compatible with...