Paul Samuelson: Difference between revisions

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=== 2009 ===
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|nameurl=https://x.com/EricRWeinstein/status/6650343788
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|name=Eric Weinstein
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|usernameurl=https://x.com/EricRWeinstein
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|username=EricRWeinstein
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|content=I think many scientists would have found '''Paul Samuelson''' a formidable fellow scientist, technically knowledgable far beyond economics. I did.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6649381477
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I should say that the idea that Gauge Theory would bring field theory to economics was any easy sell to '''Samuelson'''. The details never took.
|timestamp=2:59 AM · Dec 14, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6650075823
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content="One must not expect to be able to make the naive measurements that untutored common sense always longs for." -'''P. Samuelson''' (w/ Swamy) 1974
|timestamp=3:23 AM · Dec 14, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6650139847
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content="[W]e must not be bemused by the undoubted elegances...of the
homothetic theory. Nor should we shoot the honest theorist." -'''Samuelson'''&Swamy
|timestamp=3:25 AM · Dec 14, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6650182763
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content='''Paul Samuelson''' told me these lines of his would ward off any detractors who did not understand what Lie groups and gauge theory could solve.
|timestamp=3:27 AM · Dec 14, 2009
}}
|timestamp=3:32 AM · Dec 14, 2009
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6710331511
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content="Some day when I pass through St Peter’s Gates I do think I have 1/2 a cigar still coming to me" -'''P Samuelson''' now looking for J von Neumann
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6710223799
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=“Would you bet a cigar on that?” -John Von Neumann cowing '''Paul Samuelson'''
|timestamp=10:38 PM · Dec 15, 2009
}}
|timestamp=10:42 PM · Dec 15, 2009
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/6933565112
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=.@riemannzeta: '''Samuelson's''' economics is to Newtonian physics what gauge theoretic economics is to Einstein/Yang-Mills http://bit.ly/PSINAE
|timestamp=4:27 PM · Dec 22, 2009
}}
 
=== 2010 ===
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/8630284320
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=In '''Samuelson's''' Nobel lecture, he struggles with integrability. I wish there was more there as curvature tensors measure it's failure.
|timestamp=12:37 PM · Feb 4, 2010
}}
 
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/20272625428
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=How crazy is [[Gauge Theory|economic gauge theory]]? '''Paul Samuelson''' liked it because he was looking for it in 1950(!): http://bit.ly/c6vILI (e.g. see fig 4).
|timestamp=2:58 AM · Aug 4, 2010
}}
 
=== 2021 ===
 
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=== 2022 ===
 
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524178048840454146
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=In short, there are economists who believe in measuring inflation, who struggle to understand the issues…and there are economists who work backwards from the political masters they serve. This is a rough guide to both camps.
 
The researchers tend to lose to the political types.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524175742715633664
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Well let us give economists their due.
 
The most cogent economists on the subject of price indices include:
 
Bert M Balk (Statistics Netherlands)</br>
Carl Christian von Weizsäcker</br>
'''Paul Samuelson''' and S Swamy</br>
Amartya Sen</br>
Franklin Fisher and Karl Shell</br>
and Erwin Diewert (very uneven).
|timestamp=11:53 PM · May 10, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524177299385462784
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I cannot be objective about my collaborator @PiaMalaney, but I can say that it would be a good idea to review her critique by the [[Boskin Commission|Boskin commissioners]], who I found to represent the “Psst. Just tell us what you need the number to be and we can help you out.” school of economics.
|timestamp=11:59 PM · May 10, 2022
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|timestamp=12:02 AM · May 11, 2022
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=== 2023 ===
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Revision as of 06:28, 24 October 2025

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2009

Eric profile picture.jpg
Eric Weinstein

I should say that the idea that Gauge Theory would bring field theory to economics was any easy sell to Samuelson. The details never took.

2:59 AM · Dec 14, 2009
Eric profile picture.jpg
Eric Weinstein

"One must not expect to be able to make the naive measurements that untutored common sense always longs for." -P. Samuelson (w/ Swamy) 1974

3:23 AM · Dec 14, 2009
Eric profile picture.jpg
Eric Weinstein

"[W]e must not be bemused by the undoubted elegances...of the homothetic theory. Nor should we shoot the honest theorist." -Samuelson&Swamy

3:25 AM · Dec 14, 2009
Eric profile picture.jpg
Eric Weinstein

Paul Samuelson told me these lines of his would ward off any detractors who did not understand what Lie groups and gauge theory could solve.

3:27 AM · Dec 14, 2009
Eric profile picture.jpg
Eric Weinstein

I think many scientists would have found Paul Samuelson a formidable fellow scientist, technically knowledgable far beyond economics. I did.

3:32 AM · Dec 14, 2009


Eric profile picture.jpg
Eric Weinstein

“Would you bet a cigar on that?” -John Von Neumann cowing Paul Samuelson

10:38 PM · Dec 15, 2009
Eric profile picture.jpg
Eric Weinstein

"Some day when I pass through St Peter’s Gates I do think I have 1/2 a cigar still coming to me" -P Samuelson now looking for J von Neumann

10:42 PM · Dec 15, 2009


Eric profile picture.jpg
Eric Weinstein

.@riemannzeta: Samuelson's economics is to Newtonian physics what gauge theoretic economics is to Einstein/Yang-Mills http://bit.ly/PSINAE

4:27 PM · Dec 22, 2009

2010

Eric profile picture.jpg
Eric Weinstein

In Samuelson's Nobel lecture, he struggles with integrability. I wish there was more there as curvature tensors measure it's failure.

12:37 PM · Feb 4, 2010


Eric profile picture.jpg
Eric Weinstein

How crazy is economic gauge theory? Paul Samuelson liked it because he was looking for it in 1950(!): http://bit.ly/c6vILI (e.g. see fig 4).

2:58 AM · Aug 4, 2010

2021

2022

Eric profile picture.jpg
Eric Weinstein

Well let us give economists their due.

The most cogent economists on the subject of price indices include:

Bert M Balk (Statistics Netherlands)
Carl Christian von Weizsäcker
Paul Samuelson and S Swamy
Amartya Sen
Franklin Fisher and Karl Shell
and Erwin Diewert (very uneven).

11:53 PM · May 10, 2022
Eric profile picture.jpg
Eric Weinstein

I cannot be objective about my collaborator @PiaMalaney, but I can say that it would be a good idea to review her critique by the Boskin commissioners, who I found to represent the “Psst. Just tell us what you need the number to be and we can help you out.” school of economics.

11:59 PM · May 10, 2022
Eric profile picture.jpg
Eric Weinstein

In short, there are economists who believe in measuring inflation, who struggle to understand the issues…and there are economists who work backwards from the political masters they serve. This is a rough guide to both camps.

The researchers tend to lose to the political types.

12:02 AM · May 11, 2022

2023


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