Nassim Taleb is Welcome

https://twitter.com/nntaleb/status/721459745320738816

Mr. Taleb, welcome to the dark side.

I’d be interesting in his ideas about how to deal with the agency problem and rent-seeking. The straight-forward way of eliminating the agency problem should be obvious; although I don’t know if he wants to go there. As I’ve written a lot I’m also skeptical of the amount of skin that actual kings have in the game. Many, if not most, ended up not bothering.

As for rent seeking, the problem is quite intractable. As far as my knowledge of history tells me, rent-seeking is only reduced when a war (this includes civil wars, revolutions, coups) happens and the central authority does the necessary reforms to reduce sinecures and put all resources where they’re needed. Of course as a by-product you get a strengthened central government which tends not to be a good thing.

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26 Comments.

  1. Nassim Taleb is Welcome | Neoreactive - pingback on April 17, 2016 at 12:02 pm
  2. Nassim Taleb is Welcome | Neoreactive - pingback on April 17, 2016 at 12:02 pm
  3. I’d love to introduce him to mencius moldbug

  4. I’d love to introduce him to mencius moldbug

  5. Nassim Taleb is Welcome | Reaction Times - pingback on April 17, 2016 at 3:43 pm
  6. Nassim Taleb is Welcome | Reaction Times - pingback on April 17, 2016 at 3:43 pm
  7. I think Taleb is pulling up on techno-capitalism. Some progressives like China because they see rapid, wide-scale development without the tedious politics. Silicon Valley types are probably sympathetic also, although they don’t talk about it.

    All these people believe all the SJW stuff, and they want it for the little people, but they don’t want to be bothered by it themselves. I suspect Taleb’s attitude will make way with intellectuals in the next few years, although formal authority figures will stay away from it. A really big change is just starting to occur, but I don’t know who really understands it.

  8. I think Taleb is pulling up on techno-capitalism. Some progressives like China because they see rapid, wide-scale development without the tedious politics. Silicon Valley types are probably sympathetic also, although they don’t talk about it.

    All these people believe all the SJW stuff, and they want it for the little people, but they don’t want to be bothered by it themselves. I suspect Taleb’s attitude will make way with intellectuals in the next few years, although formal authority figures will stay away from it. A really big change is just starting to occur, but I don’t know who really understands it.

  9. With the thoughts you'd be thinkin

    Semi-related and something I’d think you’d find interesting is this post which compares the Chinese dynastic cycle with the French revolution. The brief summarisation of the Chinese bureacracy’s principle agent problems is particularly good
    http://skepticlawyer.com.au/2013/07/31/the-french-revolution-as-chinese-dynastic-crisis/

    Two particularly good sources referenced by the author are:
    https://www.princeton.edu/politics/about/file-repository/public/Sng_Oct04_2011.pdf
    http://www.econ.upf.edu/docs/seminars/ma.pdf

  10. With the thoughts you'd be thinkin

    Semi-related and something I’d think you’d find interesting is this post which compares the Chinese dynastic cycle with the French revolution. The brief summarisation of the Chinese bureacracy’s principle agent problems is particularly good
    http://skepticlawyer.com.au/2013/07/31/the-french-revolution-as-chinese-dynastic-crisis/

    Two particularly good sources referenced by the author are:
    https://www.princeton.edu/politics/about/file-repository/public/Sng_Oct04_2011.pdf
    http://www.econ.upf.edu/docs/seminars/ma.pdf

  11. This Week in Reaction (2016/04/17) - Social Matter - pingback on April 21, 2016 at 4:08 pm
  12. This Week in Reaction (2016/04/17) - Social Matter - pingback on April 21, 2016 at 4:08 pm

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