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Ronald Coase: Difference between revisions
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=There's plenty of beauty in Economics Paul, but that works okay: | |content=There's plenty of beauty in Economics Paul, but that works okay: [[Ronald Coase|Coase's Thm]], [[Arrow's Impossibility Theorem|Arrow's Impossibility Thm]], Fixed Pt Thms, etc... | ||
|timestamp=9:13 PM · Sep 6, 2009 | |timestamp=9:13 PM · Sep 6, 2009 | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=VaR -> [[Kayfabe]] <nowiki>|</nowiki> | |content=VaR -> [[Kayfabe]] <nowiki>|</nowiki> [[Ronald Coase|Coase]] -> Economics <nowiki>|</nowiki> [[Stable Tastes]] -> [[Kayfabe]] <nowiki>|</nowiki> [[Arrow's Impossibility Theorem|Arrow's Theorem]] -> Economics <nowiki>|</nowiki> Rep. Consumer -> [[Kayfabe]] <nowiki>|</nowiki> B. Scholes-> Econ | ||
|timestamp=12:26 PM · Sep 10, 2009 | |timestamp=12:26 PM · Sep 10, 2009 | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@ubfid Hi Fergus. The Stigler quotes come from the 'Eureka!' chapter in his autobiography: http://bit.ly/CoaseStigler | |content=@ubfid Hi Fergus. The [[George Stigler|Stigler]] quotes come from the 'Eureka!' chapter in his autobiography: http://bit.ly/CoaseStigler | ||
|thread= | |thread= | ||
{{Tweet | {{Tweet | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content="Economists could not understand how so fine an economist as | |content="Economists could not understand how so fine an economist as [[Ronald Coase|Coase]] could make so obvious a mistake." -UChicago peer reviews [[Ronald Coase|Coase]] [Stigler] | ||
|timestamp=6:30 AM · Nov 16, 2009 | |timestamp=6:30 AM · Nov 16, 2009 | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content="[After] 2 hours of argument, the vote went from 20 against and 1 for | |content="[After] 2 hours of argument, the vote went from 20 against and 1 for [[Ronald Coase|Coase]] to 21 for [[Ronald Coase|Coase]]." -Chicago Econ. reviews itself. [Stigler] | ||
|timestamp=6:35 AM · Nov 16, 2009 | |timestamp=6:35 AM · Nov 16, 2009 | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Via revealed preference, | |content=Via [[Revealed Preference|revealed preference]], [[Ronald Coase|Coase]] seems to me a modern Solomon asking "Do you really love efficiency, or do you plead before us to seek rent?" | ||
|thread= | |thread= | ||
{{Tweet | {{Tweet | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=I guessed wrong when I first heard | |content=I guessed wrong when I first heard [[Ronald Coase|Coase's theorem]] phrased as an economics puzzle. No shame in that: it's as deep as it is elegant. | ||
|timestamp=6:44 AM · Feb 7, 2010 | |timestamp=6:44 AM · Feb 7, 2010 | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=To me, | |content=To me, [[Ronald Coase|Coase's result]] is simultaneously radical in opposite political directions by decoupling efficiency & distribution via securitization. | ||
|timestamp=2:50 PM · Feb 7, 2010 | |timestamp=2:50 PM · Feb 7, 2010 | ||
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|timestamp=3:00 PM · Feb 7, 2010 | |timestamp=3:00 PM · Feb 7, 2010 | ||
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=== 2016 === | |||
{{Tweet | |||
|image=Eric profile picture.jpg | |||
|nameurl=https://x.com/EricRWeinstein/status/773013974832918528 | |||
|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Lefty style | |||
What do we want: Securitization of [[Ronald Coase|tradable Coasian rights]] for native labor!! | |||
When do we want it: Now! | |||
|quote= | |||
{{Tweet | |||
|image=ScholarGypzi-profile-761df43f1ac6a5d331e53f1fa78b96da.jpg | |||
|nameurl=https://x.com/ScholarGypzi/status/773007714779668480 | |||
|name=Dave Armstrong | |||
|usernameurl=https://x.com/ScholarGypzi | |||
|username=ScholarGypzi | |||
|content=@pmarca Eric, great paper; can we fit it on a bumper sticker?http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.546.895&rep=rep1&type=pdf | |||
|timestamp=3:59 AM · Sep 6, 2016 | |||
}} | |||
|timestamp=4:24 AM · Sep 6, 2016 | |||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content= | |content=If you're honest, then stop w/ the red herrings on Demand Curve modeling as my point is TOTALLY agnostic to that. You write that my paper "Is a good idea that deserves much more thought!" Okay. Don't tell me. Show me a lack of capture. Put in demand curve shocks. NOTHING changes. | ||
|thread= | |thread= | ||
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9/TRADE (CONT.): Then there‘s the appearance of “Comparative Advantage” which was recently revealed as an iron clad Exoteric explanation trade experts give to all but each other because the real Esoteric is “too complex” for the rest of us & has holes. | 9/TRADE (CONT.): Then there‘s the appearance of “Comparative Advantage” which was recently revealed as an iron clad Exoteric explanation trade experts give to all but each other because the real Esoteric is “too complex” for the rest of us & has holes. | ||
|timestamp=8:29 PM · Dec 16, 2017 | |timestamp=8:29 PM · Dec 16, 2017 | ||
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{{Tweet | {{Tweet | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@RadioFreeTom @SamHarrisOrg Nah. It’s about institutional betrayal. Nobody resents Elon Musk or Tony Stark for wealth. The poor want experts. | |content=@RadioFreeTom @SamHarrisOrg Nah. It’s about [[Universal Institutional Betrayal|institutional betrayal]]. Nobody resents Elon Musk or Tony Stark for wealth. The poor want experts. | ||
And I’m just looking to you & Sam as my fellow experts to help me try to stop those betrayed from sending a wrecking-ball through the infrastructure of our world. | And I’m just looking to you & Sam as my fellow experts to help me try to stop those betrayed from sending a wrecking-ball through the infrastructure of our world. | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@RadioFreeTom @SamHarrisOrg Oh cool. “Institutional Betrayal” is an academic theory for trauma differentiation of @jjforegon. You in particular should find it interesting I think. People betrayed by institutions with mandates to care for them behave differently re trauma. | |content=@RadioFreeTom @SamHarrisOrg Oh cool. [[Universal Institutional Betrayal|“Institutional Betrayal”]] is an academic theory for trauma differentiation of @jjforegon. You in particular should find it interesting I think. People betrayed by institutions with mandates to care for them behave differently re trauma. | ||
Helps to explain a lot in 2008-17. | Helps to explain a lot in 2008-17. | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@SamHarrisOrg @RadioFreeTom | |content=@SamHarrisOrg @RadioFreeTom | ||
10/TRADE (CONT.) | 10/TRADE (CONT.) | ||
Look at the slide & listen to this talk from a former Clinton administration economist. Notice the words 'Esoteric' vs. 'Exoteric'. Claiming the real arguments are too complex to math guys like me is laughable: | Look at the slide & listen to this talk from a former Clinton administration economist. Notice the words 'Esoteric' vs. 'Exoteric'. Claiming the real arguments are too complex to math guys like me is laughable: | ||
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|content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences And, no I don’t call something a conspiracy because I disagree w/ experts. I usually agree w/ them! What I disageee with is using expertise to transfer wealth & agency from the supposedly childlike voters who intuit something is rigged but can’t name it in political 3 card Monty. | |content=@RadioFreeTom @SamHarrisOrg @paulkrugman @NSF @theNASciences And, no I don’t call something a conspiracy because I disagree w/ experts. I usually agree w/ them! What I disageee with is using expertise to transfer wealth & agency from the supposedly childlike voters who intuit something is rigged but can’t name it in political 3 card Monty. | ||
|timestamp=6:11 PM · Dec 17, 2017 | |timestamp=6:11 PM · Dec 17, 2017 | ||
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{{Tweet | {{Tweet | ||
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|username=EricRWeinstein | |username=EricRWeinstein | ||
|content= | |content=Oh wow! That's what I *love* about economists: a total reliance on ad hoc selective application of standards to reach desired conclusions. | ||
This is fun. Please apply that selective standard evenly to all of Econ 101 and let's watch your *entire* field disintegrate. | This is fun. Please apply that selective standard evenly to all of Econ 101 and let's watch your *entire* field disintegrate. | ||
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|content= | |content=Sorry Miriam: The laypeople don't speak the academy's language so the academy resists the laity and disparages them. Renegade experts who are tired of the expert cartels' embargo against sharing more deep expertise with the laity can translate the laity to the cartels. Helpful? | ||
|timestamp=7:25 PM · Dec 16, 2017 | |timestamp=7:25 PM · Dec 16, 2017 | ||
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== Related Pages == | == Related Pages == | ||
* [[Arrow's Impossibility Theorem]] | |||
* [[Borjas Rectangle Theory]] | |||
* [[Boskin Commission]] | |||
* [[Council of the Canceled with Eric Weinstein, Jay Bhattacharya and Mike Benz (X Content)]] | |||
* [[CPI]] | |||
* [[François Divisia]] | |||
* [[Gauge Theory]] | |||
* [[Ken Arrow]] | * [[Ken Arrow]] | ||
* [[Immigration]] | * [[Immigration]] | ||
* [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]] | * [[Migration For The Benefit of All: Towards a New Paradigm for Migrant Labor (Content)]] | ||