Bloody shovel

Don't call it a spade

Nassim Taleb is Welcome

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.

Advertisements

13 responses to “Nassim Taleb is Welcome

  1. Pingback: Nassim Taleb is Welcome | Neoreactive

  2. masculineffort April 17, 2016 at 13:42

    I’d love to introduce him to mencius moldbug

  3. Pingback: Nassim Taleb is Welcome | Reaction Times

  4. Pingback: Outside in - Involvements with reality » Blog Archive » Chaos Patch (#110)

  5. thrasymachus33308 April 17, 2016 at 18:11

    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.

    • asdf April 18, 2016 at 14:26

      Taleb has been really against “expert opinion” on a number of issues.

      There is another about how “traditions” tend to contain more accurate information then modern expert opinions and people are right to trust them even if they don’t fully understand them.

  6. With the thoughts you'd be thinkin April 18, 2016 at 04:47

    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

  7. Pingback: This Week in Reaction (2016/04/17) - Social Matter

Please comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s