Editing Geometric Marginalism (section)

==On X==

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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423394651373858816
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=This eliminates a step or two. You may have to watch in lower resolution if you are on your phone however: https://x.com/sabinowitz/status/1423394091409330182
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391836417056773
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=I am wholly supportive of this effort. Whether this iteration succeeds or fails is immaterial. The important thing is to take [[Inflation|inflation]] away from those who would disguise:

A) The printing of fiat money by central bankers. 

B) The fact that economists are holding back the field.
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{{Tweet
|image=balajis-profile-LOUb2m4R.jpg
|nameurl=https://x.com/balajis/status/1423330960481816582
|name=Balaji
|usernameurl=https://x.com/balajis
|username=balajis
|content=A truly global [[Inflation|inflation]] dashboard would be the next coinmarketcap. It'd be bigger than that, in fact.

So we're offering a little prize to build one.
|timestamp=5:11 PM · Aug 5, 2021
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|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391838778527746
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=Why are they holding back the theory of index numbers ([[CPI]], GDP)? Because the more innovation, the less freedom to dial our gauges to whatever values the political patrons of macro economics ask. The field is literally held back by leading economists to preserve their own power.
|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391839638364162
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=Around 1996, [[Boskin Commission|Boskin Commissioner]] Jorgensen held back the biggest unambiguous advance in mathematical economics that I am aware of in decades. It would have interfered with their finding that the [[CPI]] was 1.1% overstated. He calculated 1.1% would save a round Trillion for U.S.
|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391840535863296
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=We can’t afford for economics to pretend it is a science in public, yet act as an incentive operated consultancy which can get you any result you need to fit the political agenda. 

So this effort of @balajis needs to be supported! We must take this away from our current leaders.
|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391841592901635
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=[[Inflation]] is like a thermometer. You ask how hot/cold it is. You don’t get to ask “What do you need the Gauge to say? How much thumb should be on the scale?” 

This is all discussed in detail by Jim Weatherall in his book in the final chapter/epilogue:

https://www.amazon.com/Physics-Wall-Street-Predicting-Unpredictable-ebook/dp/B006R8PMJS/ref=nodl_
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|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391842624696321
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=Lastly, it is high time my co-developer of the theory got her due without being subjected to both the Matilda &amp; Matthew effects. Man-boys really do drive technical women out of technical fields because they can’t cite a woman who is smarter than they are. Enough.

Go @balajis.
|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423391843572617218
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=The co-developer of gauge thy in econ as a 2nd Marginal Revolution is Pia Malaney in the early 1990s at Harvard.

There is no reason to pretend this [[Inflation|inflation]] thy never happened just to flatter power. Let’s disintermediate the old:

{{#widget:YouTube|id=zwiHv7xVQ_c}}

https://www.openculture.com/2018/08/the-matilda-effect.html
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|timestamp=9:13 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1423392839568789504
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=I think this is a great introduction to geometric marginalism and economic field theory. Hope you love it: 

https://www.fields.utoronto.ca/talks/neoclassical-mechanics-economic-field-theory
|timestamp=9:17 PM · Aug 5, 2021
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|timestamp=9:25 PM · Aug 5, 2021
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1990534949397803328
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=So to sum it up: he is not wrong. 

I think what I said to him is that after the 1950s, [[Inflation|inflation]] became a modern tool/weapon rather than a measurement starting with the [[Price Statistics Review Committee (Stigler Commission)|Stigler Commisson]]. I explained my view that the @BLS_gov is a quiet version of the @federalreserve. An insanely powerful “Statistics” organization where economists actually implement policy by simply chosing how to compute economic numbers.

Numbers that just so happen to automatically transfer trillions and touch every aspect of our lives. 

He already knew a lot of the [[Boskin Commission|Boskin]]/[[Gauge Theory|GaugeTheory]] story from Harvard. Less about [[George Stigler|Stigler]] if I remember correctly. 

I’d love to ask Larry about all this now.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1990530011191992536
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=I believe [[Jeffrey Epstein|Epstein]] is referring implicitly to the “[[Price Statistics Review Committee (Stigler Commission)|Stigler Commission]]” of 1959-1961. 

This comes from a phone conversation around 2004.
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{{Tweet
|image=nkulw-profile-gpcdbDoT.jpg
|nameurl=https://x.com/nkulw/status/1988837873513033941
|name=noah kulwin
|usernameurl=https://x.com/nkulw
|username=nkulw
|content=“inflation is a concept from the 50s” what did he mean…
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|timestamp=5:14 AM · Nov 12, 2025
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|timestamp=9:18 PM · Nov 17, 2025
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1990530014107107416
|name=Eric Weinstein
|usernameurl=https://x.com/ericweinstein
|username=ericweinstein
|content=In a telephone conversation around 2004, he somehow was already well aware of the [[Boskin Commission|1996 Boskin Commission]] and Harvard Economics department burying our work on [[Gauge Theory]] in economics called “[[Geometric Marginalism]]”. That seemed pretty weird at the time. 

With the benefit of hindsight and scrutiny, I now understand that he was connected to AT LEAST two of my colleagues from my time as an Economist in the @HarvardEcon department and @nber. To say nothing of the fact that he was connected to AT LEAST two more of colleagues from my time as an math graduate student in the @HarvardMath department. He was evidently in the background of *everywhere* I was over three and a half decades from 1985-2019. It’s astounding.

I believe from memory what he means is the following:

In the 1950s inflation was not yet the tool of policy that it became after the [[Price Statistics Review Committee (Stigler Commission)|“Price Statistics Review Committee”]] around 1960, and the indexing of Social Security to [[CPI]] in the mid 1970s. It was a simple gauge.

After that time, it became a quiet tool. And a weapon. You could use it to transfer not billions…but trillions. Why? Because a GIANT amount of all U.S. Federal receipts are indexed. 

He thought it was funny that we expected our work to be heard given that trillions were being stolen.

I hope that there is a transcript of this conversation as well as the gravity phone calls about [[Theory of Geometric Unity|GU]]. If so, it will likely point back to Litauer and Rosovsky, Jorgenson and Summers.
|timestamp=9:18 PM · Nov 17, 2025
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|timestamp=9:38 PM · Nov 17, 2025
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